Needham, MA – An affiliate of The Bulfinch Companies, Inc. recently announced a new long-term lease with Evolved By Nature, Inc. for approximately 43,000sf at 117 Kendrick Street in Needham.
Founded in 2013 in Boston, Evolved By Nature’s Activated Silk biotechnology leverages natural silk protein to create sustainable molecules with the potential to protect, repair, and enhance the barrier function of anything with a surface, enabling the next generation of products that advance the health of people and the planet. Evolved By Nature has unlocked potential applications for Activated Silk biotechnology within textiles, personal care, aesthetic and medical treatments, and more.
The property at 117 Kendrick is a 213,000sf office and lab building in the heart of Needham Crossing, Needham’s innovation hub and home to technology companies such as Trip Advisor, Shark/Ninja, Big Belly Solar, and IDG. It offers creative office and lab space available across functional suites with 17 foot clear heights and direct exterior entry, with 18,000sf to 31,000sf options currently available.
Following on the heels of a 17,000sf lease with Xenon Pharmaceuticals at 117 Kendrick, this new lease strengthens Bulfinch’s repositioning of the asset from an office to life science property and brings the building to 92% leased. Bulfinch plans to reposition an additional 18,000sf of existing office space to lab in 2023 and the company is partnering with The Richmond Group for the construction.
The leasing team representing Bulfinch included Newmark Executive Managing Director Mark Roth and Managing Director Matt Malatesta. Evolved By Nature was represented by Colliers International Executive Vice Presidents Bill Lynch and John Carroll.
“We are excited to welcome Evolved By Nature to our portfolio of tenants in the Needham area,” said Michael Wilcox, SVP, director of leasing at Bulfinch. “The Needham market continues to grow, attracting top-tier innovative companies that want to work in close proximity to one another. Similar to other new tenants Bulfinch has welcomed to the area, Evolved By Nature will further strengthen the life science cluster.”
Evolved By Nature will join tenants at the 117 Kendrick Street property including Xenon Pharmaceuticals, Candel Therapeutics, Verastem Oncology, Warner Bros. Entertainment, Workbar, BBK Worldwide, and C&W Services. Bulfinch signed a new lease for approximately 15,000sf of space with ABio-X Holdings, Inc. at the end of last year.
“We are thrilled to join the Needham innovation and technology community at 117 Kendrick Street,” said Rebecca Lacouture, Ph.D., president and COO, Evolved By Nature. “Our new space will allow us to further our mission of developing cutting-edge sustainable molecules.”