Newmark: 64 Pleasant Street, 105,000 square foot laboratory conversion project, for lease in Watertown, MA
64 Pleasant Street, 105,000 square foot laboratory conversion project, for lease in Watertown, MA
October 4, 2021 9:00 a.m.
The property, which will be delivered by the end of 2022, can be rented as single-tenant or multi-tenant space
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October 4, 2021 9:00 AM
Newmark announces that it has been appointed exclusive leasing agent for Berkeley Investments (Berkeley) 64 Pleasant Street, a 105,000 square foot laboratory conversion project in the heart of Watertown Square, a booming life science center directly adjacent to Boston and Cambridge, Massachusetts. Newmark Executive Managing Directors Dave Townsend and Juliette Reiter, Senior Managing Director Dan Krysiak and Director Catie Tilton represent the owner, Berkeley, who purchased the historic property from Sasaki Architects in February 2021.
Berkeley will begin construction at 64 Pleasant Street, branded 64P, this month to fully modernize historic buildings while preserving and maintaining approximately 105,000 square feet. Updates will include 100% new mechanical, electrical and plumbing equipment, along with improved airflow and energy efficiency, updated ADA accessibility, and key life science features such as ceilings higher, a state-of-the-art laboratory space and new reinforced concrete floors. . SGA leads the design team to update the space and surrounding site. Berkeley aims to complete construction of the core and shell by the end of 2022, with the option to start developing tenant space earlier.
Amenities at the two-story asset include a large outdoor gathering space, communal conference spaces, bicycle storage, a rooftop terrace, and a fitness center with showers and lockers.
The 64P is within walking distance of the restaurants, public transportation, shopping and accommodations of Watertown Square. It’s a 20-minute drive to Kendall Square and five minutes to Mass Pike.
“The conversion project is of great benefit to Watertown and its growing life sciences cluster,” said Townsend. “Berkeley’s preservation of the historic Chase Mills building, coupled with the required life science components, makes the space increasingly attractive to companies seeking a laboratory presence in the life sciences cluster. ever-growing life of Watertown.
Newmark Group, Inc. (Nasdaq: NMRK), along with its subsidiaries (“Newmark”), is a global leader in commercial real estate, seamlessly fueling every phase of the property lifecycle. Newmark’s full suite of services and products are uniquely tailored to suit every customer, from owners to occupants, investors to founders, and startups to blue chip businesses. Combining the platform’s global reach with market intelligence in established and emerging real estate markets, Newmark provides superior service to clients across the industry. Newmark generated revenues of over $ 2.2 billion for the twelve months ending June 30, 2021. The offices owned by the Newmark company, as well as its business partners, operate from more than 160 offices with approximately 6,200 professionals worldwide. To learn more, visit nmrk.com or follow @newbrand.
Discussion of forward-looking statements regarding Newmark
Statements contained in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements regarding the effects of the COVID-19 pandemic on the business, results, financial condition, liquidity and prospects of the Company, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, perhaps materially, from what is currently expected. Except as required by law, Newmark assumes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in forward-looking statements, see Newmark’s Securities and Exchange Commission documents, including, but not limited to, the risk factors and the special note on Forward-looking information set out in these documents and any updates to these risk factors and the special note on forward-looking information contained in subsequent reports on Form 10-K, Form 10- Q or Form 8-K.
Newmark Group Inc. published this content on 04 October 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 05 October 2021 04:38:01 PM UTC.
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