June 2021
27
Life Sciences
Construction Begins on Evoqua HQ
Lexington Life Science Property Acquired
Boston – Greatland Realty Partners and Singerman Real Estate announced they have closed on the acquisition and financing of 10 Maguire Road in Lexington, Mass. The four-building, 288,528sf creative office and R&D property is a joint venture between Greatland and Singerman. It is the second investment partnership between the two firms following the recent groundbreaking on Revolution Labs, a new 180,000sf life science lab building also in Lexington. As with Revolution Labs, Jones Lang LaSalle (JLL) has been engaged as leasing agent and property manager. Keegan Mehlhorn, director of investments at Greatland Realty Partners, says that 10 Maguire Road “represents an
exciting opportunity to provide lab-ready space almost immediately to the supply constrained life science sector.” Centrally located in a life science and technology cluster, 10 Maguire Road is less than 10 minutes from the I-95/Route 128 and Route 3 interchange and offers highway access to Boston, Cambridge, and surrounding communities. With flexible floor plates, column spacing, and multiple loading options, the building presents a retrofit opportunity for life science companies seeking to expand their physical footprint in a market with limited supply of existing lab space. The property also features Revolution Hall, a new open-air communal eatery featuring large garage door walls and indoor and outdoor seating.
Tewksbury, MA – Dacon Corporation has commenced construction on a 14,000sf headquarters renovation project for Evoqua. Specializing in identifying water concerns, Evoqua’s technological solutions aim at giving power and purpose to nature’s most important resource by keeping water safe, reliable and available. Its products and services span wastewater treatment, disinfection systems, electrochemical products, filtration systems and digital water management solutions. Evoqua’s portfolio of 16 brands services industrial, municipal and recreational customers. The basis for this project is the
reconfiguration of existing office and lab space to facilitate productivity and research, and welcome employees back to post-Covid office life. A complete interior renovation of ceilings, MEP systems and interior finishes with branded elements will surround open collaboration areas for 100 employees. The new configuration is built upon a hoteling concept, designed to enable employees greater flexibility and creativity within their work lives. Additionally, two new labs are configured to accommodate the relocation of technologists and research development. The project is anticipated to be completed in September.
Evoqua’s new campaign that will be used for wall murals in the redesigned headquarters.
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