Boston – Greatland Realty Partners and Singerman Real Estate announced they have closed on the acquisition and financing of 10 Maguire Road in Lexington, Mass.
The four-building, 288,528sf creative office and R&D property is a joint venture between Greatland and Singerman. It is the second investment partnership between the two firms following the recent groundbreaking on Revolution Labs, a new 180,000sf life science lab building also in Lexington. As with Revolution Labs, Jones Lang LaSalle (JLL) has been engaged as leasing agent and property manager.
Keegan Mehlhorn, director of investments at Greatland Realty Partners, says that 10 Maguire Road “represents an exciting opportunity to provide lab-ready space almost immediately to the supply constrained life science sector.”
Centrally located in a life science and technology cluster, 10 Maguire Road is less than 10 minutes from the I-95/Route 128 and Route 3 interchange and offers highway access to Boston, Cambridge, and surrounding communities.
With flexible floor plates, column spacing, and multiple loading options, the building presents a retrofit opportunity for life science companies seeking to expand their physical footprint in a market with limited supply of existing lab space. The property also features Revolution Hall, a new open-air communal eatery featuring large garage door walls and indoor and outdoor seating.