Breakthrough Transaction at Hilco Redevelopment Partners’ Life Science Redevelopment at 400 Wood Road
Braintree, MA (May 20, 2022) – Cushman & Wakefield announced that the real estate services firm arranged a long-term, 100,000-square-foot lease for Integra LifeSciences, a medical technology company, at 400 Wood Road in Braintree.
Cushman & Wakefield represented both the tenant and landlord in the transaction.
Integra LifeSciences will be the first tenant in the newly redeveloped state-of-the-art life science facility where the company plans to manufacture surgical reconstruction devices. The company will invest significantly into the property and recently secured a tax increment financing agreement by the town of Braintree.
Hilco Redevelopment Partners (“HRP”) purchased the 156,000-square-foot property in August 2019 with the foresight to convert the building into a destination for life science companies.
“Bringing a tenant of Integra’s caliber to 400 Wood Road brings our vision of the redevelopment to life. The property’s proximity to Boston and the MBTA Redline, major roadway networks, talented workforce and extensive nearby amenities are the cornerstones of future life science innovation at the property,” said Andrew Chused, HRP’s Head of Investments.
Cushman & Wakefield’s Pete Whoriskey, Rob Byrne and Duncan Gratton are marketing the remaining 56,000 square feet of available Class A space for lease. The property features 18-foot clear heights, two loading docks, ample power and an abundance of parking.
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.
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