Dunham Ridge

 

 

Where: Beverly

What: Dunham Ridge

Owner: Cummings Properties

Built: 1970s-2014

 

 

  • The former headquarters of Parker Brothers Co. and Atari Inc., the 54-acre Dunham Ridge property in Beverly was acquired by Woburn-based Cummings Properties in 2011. The campus is now 90 percent leased to tenants including Microline Surgical, GreenbananaSEO and Gyver Networks.
  • Most recently, pharmaceutical safety firm SPMD – Safety Strategies for Health Inc. leased 6,048 square feet at 50 Dunham Ridge. Incorporated in November, SPMD provides monitoring services for pharmaceuticals, medical devices and cosmetics.
  • CBRE/New England’s Kerry Hawkins and Mike Ripp are working with Cummings Properties to market the campus, which also includes several build-to-suit pad sites ranging from 1.5 to 4.5 acres. Construction of a 5-story, 144,000-square-foot, Class A building is under way at 48 Dunham Ridge, and a foundation has been poured for 52 Dunham Ridge, which offers an additional 154,000 square feet for new development.
  • Cummings Properties recently created a land condominium structure to enable the purchase of lots ranging from 1.5 to 6 acres.

“The Boston area is very attractive for us due to the high concentration of scientific and medical knowledge in terms of potential employees and customers. We ultimately chose Beverly for its proximity to Boston and excellent commuting options.”

— Diana Witticke, vice president, SPMD

Hot Property: March 27, 2017

by Steve Adams time to read: 1 min
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