New site chosen to accommodate rapid growth and support future expansion
BOSTON, March 1, 2018 /PRNewswire/ -- The Boston office of Cresa, the world's largest tenant-only commercial real estate firm, announced today that it has successfully structured a five-year lease agreement for 22,450 SF at the Cross River Center in Lowell, Massachusetts for NextShift Robotics, a provider of robotics systems for ecommerce order fulfillment and cellular manufacturing. The new location will house its corporate office as well as its Robotics Test Center where their engineers will manufacture and test their material handling systems. Nearly doubling the size of their former site in Billerica, the new space offers NextShift Robotics the ability to expand operations as the company grows. Senator Eileen Donoghue, Lowell Mayor William Samaris and members of the City of Lowell participated in a ribbon cutting ceremony on Tuesday, February 27th to mark the grand opening.
"A successful seed funding round combined with this move represents a new chapter for us as we continue to grow and develop autonomous warehouse robots. We are excited about our patented technology that can transform fulfillment for the rapidly growing e-Commerce industry," said Mary Ellen Sparrow, CEO and co-founder of NextShift Robotics. "Cresa representatives showed us a number of properties that met our budget, location requirements and fit within our tight timeline. They were knowledgeable about the market, properties available and the requirements we have as a startup company. The team at Cresa was personable and successful at negotiating the best possible terms on our behalf. Lowell has a growing tech community with business resources that are attractive to start-ups. We look forward to settling in and welcoming additional team members to our new space."
Easily accessible from Routes 495 and 3, the Cross River Center is an 836,000 SF mixed-use research and development building located at 1001 Pawtucket Boulevard. The building provides a full-service cafeteria, conference facilities, a fitness center, ample loading facilities and on-site parking.
"It was a pleasure to work with NextShift Robotics. We successfully worked together under a tight turnaround time of only 30 days to select a site and execute a lease," said Joseph Doyle, principal at Cresa. "With ample amenities and favorable lease terms, the Cross River Center will allow NextShift Robotics the space and flexibility needed to position itself for future growth."
Joseph Doyle and Nathaniel Heilbron of Cresa negotiated the lease for NextShift Robotics. The landlord, Farley White, was represented by Steve Horan.
About NextShift Robotics
NextShift Robotics designs and manufactures collaborative, autonomous, mobile robotic systems that increase productivity in manufacturing and distribution centers. The company was founded to revolutionize material handling for e-retailers, 3PLs, OEMs, manufacturers, and brick and mortar businesses. Our uniquely dynamic robotic technology dramatically speeds up execution and increases existing warehouse capacity. Most importantly, by transforming the nature of work, NextShift raises employee productivity, job satisfaction and safety to new levels. Learn more at: http://www.nextshiftrobotics.com/.
Cresa is the world's largest tenant-only commercial real estate firm. By representing only one party - the tenant - Cresa avoids inherent conflicts of interest and provides conflict-free advice to clients. The firm leverages its expertise, market insight and years of experience to give clients leverage with the landlord. Cresa applies strategic solutions that reduce costs, improve operations and enhance the performance of a client's workforce. Integrated services cover every aspect of a real estate transaction from site selection and financing to project management and relocation services. Cresa offers clients customized solutions with more than 60 offices in 75 markets worldwide. For more information about Cresa Boston, visit https://www.cresa.com/boston.
About the City of Lowell
Innovation has been a cornerstone of Lowell since the City was founded. With a great cultural scene, easy commute, access to a talented workforce, attractive housing options, and business resources to get you started, come see why entrepreneurs say "there's a lot to like about Lowell." Learn more here.