Boston, MA (April 2023) — Newmark and Nordblom Company have arranged two new office and R&D leases totaling 55,975 square feet at Blue Sky Center, a world-class business campus in Burlington, Massachusetts. The new tenants are Nth Cycle, Inc.— a metals processing company whose technology supports the recovery of production-grade critical minerals—and UII America, Inc.— which utilizes AI to develop advanced medical imaging, radiotherapy equipment and medical robotics.
Newmark Senior Managing Director Matt Malatesta, Executive Managing Director Tyler McGrail, Vice Chairman Michael Frisoli and Associate Margaret Fee serve as the exclusive leasing agents on behalf of ownership, Nordblom Company and Starwood Capital Group. Newmark also represented UII America, Inc.
Both tenants were driven by recent and future growth and the need to accommodate an expanding workforce. Nth Cycle, Inc. signed a 47,578-square-foot lease on the first floor at 15 Blue Sky Drive and UII America, Inc. signed a 7,397-square-foot lease on the first floor at 65 Blue Sky Drive.
In addition to Blue Sky Center’s eight buildings—which total 937,042 square feet—a 270,000-square-foot lab building is slated for delivery in Q2 2024, which will house The Broad Institute and Vericel. Additionally, the campus’s 158-acre site can accommodate up to 620,000 square feet of additional new development.
“We are thrilled to welcome two strong innovation tenants, Nth Cycle, Inc. and UII America, Inc., to Blue Sky Center’s campus ecosystem,” said Malatesta. “The ability to scale and competitively attract/retain top tier talent remains a driver in the marketplace, and Blue Sky Center’s robust amenity package, and diverse workspace offerings continue to garner steady leasing activity.”
The business campus features a world-class roster of on-site amenities, including cafes serving breakfast, lunch and a 24/7 grab-and-go menu; a top-of-the-line fitness center; a community vegetable and herb garden; multiple outdoor patios; 28 EV charging stations; a gaming area with pool tables, a bocce court, shuffleboard and arcade games; a putting green; indoor and outdoor basketball shooting courts; a TrackMan golf simulator and more.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues of approximately $2.7 billion for the year ending December 31, 2022. Newmark’s company-owned offices, together with its business partners, operate from approximately 180 offices with nearly 6,700 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
About Nordblom Company
Nordblom is a real estate enterprise with a 99-year history of investing, managing, and developing properties throughout the New England region and select markets across the country. The company currently owns and manages office, commercial and multi-family properties in the New England and Carolina markets and is committed to creating dynamic work and living environments that further the quality of life for the people who occupy its properties. Headquartered in Burlington, MA with offices in Boston, Brookline, and Raleigh, North Carolina, Nordblom has $2 billion in assets under management. For more information, please visit: www.nordblom.com.