
Cummings Brings New First-Class Lab Space to Beverly
The North Shore will soon boast a premium emerging lab facility for life science companies, with the opening of Cummings’ Emerging Tech Center at Dunham Ridge. In its first phase, Emerging Tech Center will feature a cluster of six labs ranging from 1,000 to 4,000 square feet, ready for occupancy this summer. This size laboratory suite serves an unmet need in the life sciences community: It is ideal for companies graduating from incubators and ready for independent space, but still seeking the benefits of a collaborative environment. Emerging Tech Center will occupy the top floor of 48 Dunham Ridge, a five-level, first-class lab and office building. Lease rates for the new lab suites start as low as $31/SF, a dramatic contrast to the record high rates in Cambridge at Kendall…