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Jumbo Capital Inks 50K SF of New Leases in Waltham Office-to-Life-Sciences Conversion
Jumbo Capital has inked four new office, life science and R&D leases totaling 49,255 square feet at Stony Brook, a 270,000-square-foot lab and R&D campus located in Waltham, MA.
Matt Malatesta, Mike Frisoli, Tyler McGrail, Margaret Fee and Eric Jeremiah of Newmark represented landlord Jumbo Capital, a Quincy, MA-based commercial real estate investment firm in the leases:
- 16,506-square-foot new R&D lease to Veeco, represented by Malatesta
- 14,441-square-foot new life science lease to Alcresta Therapeutics, epresented by Ned Halloran and Connor Hayes of Hunneman
- 9,460-square-foot new life science lease to Cugene, represented by Pat Grady of Hunneman
- 8,848-square-foot new office lease to Opinion Dynamics, represented by Adam Meixner of 128 CRE
Stony Brook, which was developed and is managed by Jumbo Capital, has undergone a major office-to-life science conversion to accommodate these recent transactions. Tenant amenities at the site include a new fitness center with lockers and showers, a full-service cafeteria, a shared conference center, an outdoor lounge and patio and new lobbies and common areas.
- ◦Lease