LabCentral Inc. has secured $22.4 million in sponsorship commitments for the development of LabCentral 238, a new co-working laboratory space in Cambridge.
The 100,000-square-foot project is slated to be part of the Massachusetts Institute of Technology’s South of Main Street Development in the Kendall Square neighborhood. LabCentral provides a shared laboratory space and was designed as a launching pad for biotech startups. LabCentral 238 is planned to be constructed in two phases, the first of which will consist of 50,000 square feet of fully permitted space. The first phase is expected to be completed in November of 2021.
The new sponsorships are being provided by Thermo Fisher Scientific and Waters Corp., which will join existing sponsor MIT and founding sponsor Astellas. The facility was designed by architectural firms Encore and Perkins + Will.
*Pictured above: An aerial view of the Massachusetts Institute of Technology.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.