Event Showcasing New Properties with Brokers on February 18
Watertown, MA – Fifteen new real estate properties are now available for businesses expanding in Massachusetts or for new businesses from other states or nations, as MassEcon has added the building and land sites to its “ReadyMass 100” list.
“Demand for high-quality commercial spaces, especially those available for advanced manufacturing uses, is near an all-time peak,” stated Pete Abair, Executive Director of MassEcon. “We are pleased to add these premier properties to the ReadyMass 100 inventory to showcase them to the many relocation and expansion opportunities considering Massachusetts at this time.”
MassEcon’s list is updated twice a year, as property owners choose to feature their new land and buildings and are approved by MassEcon’s ReadyMass 100 Evaluation Committee, a team of real estate experts and MassEcon’s state partners. The Committee rigorously evaluated properties that are certified for immediate occupancy or development and have met key criteria relating to infrastructure, permitting, size, and readiness. The 15 new properties (14 buildings and 1 land site) added this month span across all regions in Massachusetts total nearly 3.5 million square feet and more than 5 acres. Boxborough, Canton, and Westminster each have two of the properties:
- 530 Turnpike in Canton
- 11 Dartmouth in Malden
- cGMP Pharmaceutical Manufacturing Facility in Woburn
- Turning Point Campus in Fitchburg
- 1 Simplex Drive in Westminster
- 100 Meadow Road, Building 200 in Boston
- Medical Campus at 50 Tech Drive in Westminster
- Centech Park North in Shrewsbury
- 5 Campanelli Circle in Canton
- 205 Jackson Road in Devens
- 201 Lowell Street in Wilmington
- 200 Donald Lynch Boulevard in Marlborough
- 60 Codman Hill Road in Boxborough
- The Park at Beaver Brook in Boxborough
- 80 Pine Hill Drive in Boylston
The 15 new properties brought the number of properties listed on the ReadyMass 100 up to 69. (The list is capped at 100, but in recent years as Massachusetts has enjoyed robust business activity, has hovered in the high 70s). The properties can be viewed on MassEcon’s website at http://massecon.com/services/readymass100/search. Each of the properties will be showcased in a virtual event hosted by MassEcon on February 18 with presentations from real estate executives.
Since its inception in 2009, the ReadyMass 100 has resulted in close to 70 success stories that represent nearly approximately 11 million square feet.
In 2021, seven new properties were added to the ReadyMass 100 inventory and 680K SF of ReadyMass 100 featured property, the Former Reebok Campus in Canton, was absorbed by Tufts Health Plan/Harvard Pilgrim Health Care.
The ReadyMass 100 initiative promotes expansion opportunities for businesses. The initiative helps to retain companies growing in Massachusetts and conveys to communicate to both in-state and out-of-state employers that Massachusetts has a ready inventory of properties to meet the needs of businesses of all sizes and across all industry sectors. MassEcon developed the initiative as part of a collaboration with the Commonwealth, regional economic development groups, and the real estate community. “The ReadyMass 100 portfolio is an A+ real estate inventory of properties in Massachusetts we can market to prospects outside our state boarders,” said Doug Kehlhem, MassEcon Senior Director in charge of the ReadyMass 100 program.
ReadyMass 100 is supported with grants from BioMed Realty and Quarter Point at Patriot Place.
ABOUT MASSECON
MassEcon’s mission is to promote and champion Massachusetts as the best place to start, grow, and locate a business. Built upon a robust network of corporate and civic members, MassEcon convenes public and private sector leaders of industry to create an inclusive business ecosystem that enhances job growth across a diverse talent pool; promotes investment in all communities; expands equitable opportunities throughout the Commonwealth.
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