Fulcrum Research Group, a market researcher catering to the pharmaceutical and biotechnology industries, has leased 2,503 square feet at the Watch Factory in Waltham.

Landlord Berkeley Investments was represented by Eric Ekman, Project Manager, and Steven Brooks, vice president of asset management, and Dan Krysiak of Grubb & Ellis.  Fulcrum Research Group was represented by Brendan Daly of NAI Hunneman.

Originally opened in 1854, the Waltham Watch Company became the first watch manufacturer in the world to mass-produce a complete watch under one roof and make quality watches affordable to a broader population. 

Berkeley Investments is now transforming the 400,000-square-foot historic complex into a mix of offices, loft-style apartments and retail uses with riverfront amenities.  Phase 1 consists of 160,000 square feet of newly renovated brick-and-beam office space, and is now 39 percent leased.

Phase 2 of the project will provide 96 loft-style apartments, a café and a restaurant.  Construction is underway and will be completed in the summer of 2011.  Phase 3, targeted for a 2011 start, will include the renovation of an additional 77,000 square feet of office space and a structured parking garage.