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Photo courtesy of Cushman & Wakefield
What: 53 and 115 Fourth Ave.
Where: Needham
Owner: Davis Marcus Partners
Built: 1960-1962
Life science and office leases totaling over 45,000 square feet have brought 53 and 115 Fourth Ave. in Needham up to 100 percent capacity.
Invicro, which is part of Konica Minolta’s precision medicine initiative, will occupy 36,000 square feet of lab and office space at 115 Fourth Ave.
Existing tenants Syniti and Encore Fire Protection are doubling their current footprints to 10,259 square feet and 11,083 square feet respectively. The two properties have signed over 57,000 square feet of leases since the onset of the pandemic.
Cushman & Wakefield’s Rob Byrne, Elizabeth Swanson and Ross Gaudet represented the landlord in all transactions.
They Said It:
“It’s very promising to see demand for quality lab space expand southwest of Boston with Invicro and also to watch as both our existing tenants, Syniti and Encore Fire Protection, grow their businesses and commit to expand their footprints in our buildings during such uncertain times.”
— Matt Katz, vice president of asset management, The Davis Cos.
