Jones Lang LaSalle Named Leasing Agent for Grafton Science Park
BOSTON, April 18, 2012— Jones Lang LaSalle has been appointed as exclusive leasing agent by Tufts University’s Cummings School of Veterinary Medicine on the development of Phase I of Grafton Science Park, a new 348,000-square-foot lab, research and office park on the school’s campus on Route 30 in Grafton, MA. All major permits have been secured including local master plan approval and a Massachusetts Environmental Protection Act (MEPA) Certificate by the state.
Construction of the Park’s first phase of infrastructure and public utilities is complete. The site is located on Route 30, in the western portion of the school’s 594-acre parcel abutting the Grafton MBTA commuter rail station. The approved campus master plan permits up to 702,000 square feet of three-story buildings, and allows for flexibility in actual building and building site areas. Water and public sewer are at the site.
Grafton Science Park is located within an Economic Target Area. Occupants will have the added benefit of close proximity to Tuft’s University’s faculty, students, and research infrastructure.
“The location of Grafton Science Park, on the campus of New England’s only veterinary school, offers tenants a pre-permitted, convenient location ideal for life sciences and biotechnology,” said Deborah T. Kochevar, DVM, Ph.D., dean of the Cummings School. “The added benefit is the proximity to the school’s world-class faculty and translational research.”
According to Jones Lang LaSalle Managing Director Phil DeSimone: “We are excited to be working on this unique offering, and working with Tufts to market land sites for a build-to-suit. Tufts demonstrates a commitment to sustainable development. The project will reflect the quality of their reputation, as well as the innovation and excitement that makes Worcester County a growing and thriving area for technology and life sciences. Jones Lang LaSalle has teamed up with Kelleher & Sadowsky to co-market these land sites because of their reach into the Worcester market.”
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47.7 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.
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