RE Informational Package - November 2019

& Por tfolio Companies

R&D REAL ESTATE PACKAGE

R&D MARKET .

MARKET STATUS

With the continued migration of Life Science companies into the Greater Boston Area, developers are moving quickly to build and/or reposition traditional flex, R&D, and manufacturing properties to Class A Lab facilities. While these conversions allow for the growth of heavy lab users, it creates a gap for less intensive but highly specialized manufacturing and R&D tenants. In the suburban markets, there are still pockets of availabilities along 128 from Needham to Waltham & Burlington to Danvers. For more urban focused groups, areas like Watertown, Somerville, and the Seaport/South Boston areas continue to see traction.

BEWARE

Tenants in search of space must be ready to move quickly but cautiously. Properties may at first appear to be a fit, but things such as ceiling height, power, and zoning can cause issues that are not immediately understood. The following are some potential properties that have infrastructure, loading, and ceiling height that make them viable opportunities:

1 | McCall & Almy

BURLINGTON / BILLERICA MARKET

42-44 Third Avenue Burlington

60 Blanchard Road Burlington

749 Middlesex Turnpike Billerica

WATERTOWN / CAMBRIDGE MARKET

Athena Campus 343 Arsenal Street, Watertown

The Quad 10 Wilson Road, Cambridge

SOMERVILLE / CHARLESTOWN MARKET

561 Windsor Street Somerville

Schrafft Center 591 Main Street, Charlestown

McCall & Almy | 2

REAL ESTATE TIMELINE .

Click on each phase for more information.

Assemble Team

Estimate Construction Costs

Learn the Target Markets – Property Tour

Negotiate Letter of Intent (LOI)

MONTHS 1-2

MONTHS 3-6

Short List Target Properties

Send out Request for Proposal (RFP)

Strategic Overview & Define Requirement

3 | McCall & Almy

Finalize Floor Plan & Buildout Specifications

Construction & Construction Management

MONTHS 7-12

Move-In Day!

Negotiate Lease

Sign Lease & Commence Permitting

McCall & Almy | 4

OUR EXPERIENCE . Click on the orange highlighted logos for more information.

5 | McCall & Almy

McCall & Almy | 6

WE ARE TENANT REP ONLY .

Delivering the best real estate advice and the perfect workplace is what we do. A big part of our success is our commitment to exclusively representing and advising tenants. We are always on your side of the table, ensuring a strategic plan is put in place and your business objectives and vision are achieved.

OUR RESULTS HAVE SHAPED BOSTON

Our imprint can be found throughout the Boston skyline. No company in Boston has more success helping organizations think about their real estate strategically. There isn’t a real estate issue we haven’t solved or a landlord we haven’t faced, and that tenured judgment puts you at a real advantage.

7 | McCall & Almy

The team at McCall & Almy came in and took the time to learn about our business. Their knowledge of the market and intricacies of our business’s facility needs were paramount in achieving our goals. They truly became an integral part of our team. Eric Tobin, N2 Biomedical “ “

McCall & Almy | 8

Michael Goodwin Vice President 508-397-1095 // mgoodwin@mccallaly.com

Rob Glor Vice President 617-548-5986 // rglor@mccallaly.com

100 Federal Street, 20th floor, Boston, MA 02110 // 617-542-4141 // mccallalmy.com