Woburn-based Cummings Properties has begun to develop its most recent acquisition, a 54-acre site on Dunham Road in Beverly.

Cummings is nearing completion of a 475-space parking garage and has laid the foundation for 48 Dunham Road, a planned 144,000-square-foot mixed-use building.

The property also includes the 105,000-square-foot 50 Dunham Road, which is the former home to game makers Parker Bros. and Atari. Microline Surgical occupies 68,000 square feet in the building, which is 85 percent leased.

Construction of 48 Dunham Road will begin following the execution of a significant lease, according to Cummings Properties. The building will be available for office or lab space, and include some high-bay space. With frontage on Route 128, the property is suitable for a corporate build-to-suit corporate campus, Cummings Properties CEO Dennis Clarke said in a statement.

The five-story parking garage is topped with 832 solar panels which will generate an estimated 321,000 kilowatt hours of energy annually to offset the property’s electric usage. Cummings has installed nearly 7,700 solar panels throughout its 10 million-square-foot portfolio, generating nearly 2.4 million kilowatt hours annually.