Boston – In a transaction arranged by CBRE, Vaisala, a public company (VAIAS.HE) which is a global leader in weather, environmental and industrial measurements headquartered in Vantaa, Finland, has inked a 28,000 sq.-ft. lease for office and lab space at GenLabs’ 3 Van de Graaff Drive in Burlington, MA.
Vaisala will relocate its US offices from 12 Gill Street in Woburn, MA, and will occupy part of the first floor of the 320,000 sq.-ft. Class A life science campus located in the major lab and tech hub of Burlington.The CBRE team of Alex Plaisted, Ryan Romano and Christian Vallis was instrumental in bringing the deal together with Vaisala and ownership, Jumbo Capital and funds managed by Apollo (NYSE: APO). “As a global company, Vaisala wanted to update its operations in the highest quality lab space that better matched its image,” said Mr. Plaisted. “GenLabs met all of Vaisala’s requirements as one of the premier life science properties in the region, as well as its close proximity to numerous transportation options and amenities in Burlington.” GenLabs prominently overlooks Interstate 95, one of the most traveled interstates on the East Coast, and is less than five minutes from the Burlington Mall (1.5 miles) and 3rd Ave/Middlesex Turnpike, offering a wide variety of restaurants, retail, service and lifestyle options. The campus is a short walk away from Wayside Commons and offers direct MBTA bus access from Van de Graaff Drive to Boston and Cambridge. The campus is finalizing its life science conversion at the end of this year, including a brand-new lobby and entrance, as well as onsite amenities. This best-in-class amenity package includes an updated café, newly created collaboration area and board room, a gaming area with golf simulator, and a new state-of-the-art fitness center.