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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.

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.

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Newmark's Matt Malatesta

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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