Calare Properties leases 35,000 SF in Chelmsford to Endeavor Robotics™

From Calare Properties:

HUDSON, MA – Calare Properties (Calare), a private Massachusetts-based real estate investment firm and operator, announced today that it has leased 35,000 square-feet (sf) of industrial space at 19 Alpha Road in Chelmsford, MA to Endeavor Robotics. The privately-held U.S.-based combat-tested and leading ground robotics company focused on the defense, public safety and industrial markets will employ more than 100 at their new Chelmsford location upon move-in this November. The space is currently being retrofitted and updated as a state-of-the art facility for robot design, development and integration efforts.

“We are continually investing in robot development at Endeavor and we are extremely excited to take this next and natural step into an independent facility designed specifically to advance our robot development for the US. Warfighter, and to further enable our growth and investment in our valued employees,” said Sean Bielat, CEO of Endeavor Robotics. “Calare has made great efforts to build to our specifications and perhaps, most importantly, enable Endeavor to maintain our entire valued and talented employee base just 10 minutes from our current offices.”

Calare acquired 19 & 21 Alpha Road, two single story industrial/flex properties totaling approximately 127,500 sf, this past June. Located in the center of Massachusetts tech corridor, the properties are well positioned to accommodate office, R&D and warehouse/distribution tenants.

“Calare was attracted to this asset as it presents an ideal opportunity to help meet the unmet demand in this market for high quality flex manufacturing space, while also maintaining the current base of industry leading tenants already established on-site,” said Bryan Blake, President and Executive Director at Calare. “Through this lease at 19Alpha Road, we were pleased to have the ability to answer Endeavor Robotics’ needs as they continue to expand their operations.”

Endeavor Robotics will be located in 19 Alpha Road, a 63,220 sf property with additional space available for immediate occupancy; while the adjacent 21 Alpha Road is 83% leased to five tenants including Thermo Fisher Scientific, NRG Energy and Universal Hospital Services.

Calare was represented by Blake Baldwin of Cushman & Wakefield and James Lipscomb, Partner Tenant Advisory at Transwestern, in the lease transaction. Endeavor Robotics was represented by Richard Ruggiero, Executive Managing Director at Newmark Grubb Knight Frank. Additionally, CBRE/NE’s Kyle Juszczyszyn, Chris Coutts and Lenny Pierce secured the competitive financing for Calare’s acquisition of the property.

“19-21 Alpha Road offers tenants an exceptional infrastructure, including high ceilings, multiple loading docks and heavy power designed to accommodate a diverse range of industries,” said Lipscomb. “In light of today’s tight conditions in the 128N/495N market – where strong dynamics have led to the absorption of 523,000 sf over the past six quarters, and positive absorption for 12 of the last 16 quarters – the available space at 19 Alpha Road presents an ideal opportunity for a company to take immediate advantage of superior, move-in ready flex space.”

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