Berkeley Investments Completes Redevelopment of 310K-SF MXU Project in Malden

Boston-based real estate developer Berkeley Investments has completed the redevelopment of Exchange 200, a four-story, 310,000-square-foot mixed-use building in Malden.

Berkeley’s investment in the property, which previously served as a bank operations center, included a complete replacement of all systems with advanced new HVAC and mechanical infrastructure, a new façade of floor-to-ceiling glass, a new two-story atrium lobby and adding an assortment of new amenities including fitness center, locker room/showers, and bike storage. Exchange 200 is also located across the street from public transit. The redevelopment also includes the creation of 15,000 square feet of new street-level retail.

“The life sciences market in greater Boston continues to be one of our strongest sectors, and we continue to see demand for lab space that outweighs supply, especially in urban locations directly across the street from the T/commuter rail like Exchange 200,” said Molly Heath, managing director at JLL, which is serving as the exclusive leasing broker for the office, flex, and lab components at the project.

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