Boston — Newmark Knight Frank announced that it has recently completed a 247,060-square-foot lease renewal and expansion to Nypro, Inc. at 112 Barnum Road in Devens, MA.
NKF Executive Managing Directors J.R. McDonald and Torin Taylor, along with Associate Ross Gaudet, represented the property ownership group, Artemis Real Estate Partners, Drake Real Estate Partners and Pacer Partners, in the lease negotiations.
112 Barnum Road is a 402,249-square-foot, state-of-the-art manufacturing building. The facility was constructed in 2008 as a solar panel facility for Evergreen Solar. Built with the highest quality standards available, the design, quality and infrastructure is unmatched in New England. 112 Barnum Road’s location within the Devens Industrial Park offers easy access to I-495 and Route 2.
Founded in 1955, Nypro, Inc., a Jabil Company, offers healthcare customers the widest array of design and manufacturing capabilities in the industry. Nypro’s customer-focused services range from ideation to device development support, engineering, supply chain optimization and device assembly operations. The firm expanded its lease at 112 Barnum Road from 215,790 square feet to 247,060 square feet.
“Nypro, Inc.’s expansion/extension is a testament to the excellent infrastructure and value that is offered at 112 Barnum Road,” said McDonald. “It is also the result of Nypro Inc.’s strong core business and its commitment to Devens, MA.”
Artemis Real Estate Partners is an investment fund manager based in Washington DC, New York City, Los Angeles and Atlanta. Artemis manages approximately $4.2 billion of discretionary capital on behalf of institutional investors across value-add, opportunistic, and enhanced core strategies. The firm makes both equity and debt investments across the domestic United States, with a focus on apartments, office, industrial, retail, hotel, and senior housing. Artemis specializes in joint venture partnerships and direct investments.