CAMBRIDGE, MASSACHUSETTS (March 2023) – CambridgeSide (CambridgeSide.com) has announced that Boston-based Laboratory-as-a-Service (LaaS) leader, SmartLabs will open its newest location at 100 CambridgeSide. CambridgeSide is a mixed used complex owned by a partnership between New England Development and a client advised by UBS Asset Management.
The new SmartLabs laboratories at 100 CambridgeSide will deliver high quality, turnkey research, development, and related manufacturing space along with best-in-class operations support for companies of varying sizes. SmartLabs offers flexible lab and office spaces that are customizable to accommodate life science companies from fewer than 10 to more than 100 employees. SmartLabs leased the entire Level 3 at CambridgeSide and the new facility will open in late 2024.
“We are pleased to welcome SmartLabs to CambridgeSide,” says Douglass Karp, President of New England Development. “CambridgeSide, a mixed-use development offers unparalleled amenities to all who work, live and visit the area including shops, restaurants, entertainment, green spaces, indoor parking, and more,” he adds.
Scott Burns, Real Estate Asset Manager, UBS Asset Management says “SmartLabs is a preeminent operator of managed life science environments. We are thrilled that SmartLabs will create its newest Boston area R&D center in East Cambridge, at the heart of CambridgeSide. The end-to-end research, testing and production capabilities that will be offered at the new facility will provide unparalleled flexibility to pharmaceutical and biotech companies in the area.”
100 CambridgeSide is part of CambridgeSide’s transformative redevelopment, which upon completion, will feature five interconnected buildings totaling 2 million square feet and includes life science, retail, restaurants, office, residential and adjacent hotel uses. 20 CambridgeSide (20CambridgeSide.com) and 60 First (60FirstCambridge.com) are two life science and office buildings currently under construction. Two levels of shops and restaurants remain open during construction. Located in the heart of East Cambridge in one of the world’s hottest office and lab markets, CambridgeSide is easily accessible by a network of regional and local roads, MBTA’s Green, Red and Orange transit lines, and pedestrian walkways to some of the world’s finest medical, academic, financial, and cultural resources.
“We are excited to bring our advanced capabilities to CambridgeSide and to expand our national network of labs and manufacturing centers that will scale up and scale out personalized medicine and other novel therapies,” said Amrit Chaudhuri, CEO and co-founder of SmartLabs.
The new facility at 100 CambridgeSide will be SmartLabs’ largest location in their portfolio. SmartLabs currently operates four Boston area facilities and one in South San Francisco, along with two properties under construction in San Francisco and Philadelphia. Since the spring of 2021, SmartLabs has more than doubled its footprint nationwide as companies have adopted its Laboratory-as-a-Service model as a validated alternative to perform R&D.
Clients at the new 100 CambridgeSide facility – as well as existing SmartLabs locations – will have access to the most advanced environments for science, built with an adaptable infrastructure and operated by SmartLabs. While SmartLabs provides the infrastructure, a company’s processes and intellectual property are entirely controlled and owned by the client.
SmartLabs designs, builds, and operates integrated, enterprise-grade research environments, including multifunctional research and development labs, process development, pilot-scale manufacturing, and cGMP suites for companies of all sizes. SmartLabs currently operates four locations in Massachusetts – Kendall Square, East Cambridge, Boston Landing, and the Seaport District, as well as one location in California – South San Francisco. SmartLabs provides in-house design, architecture, and construction management, as well as full-service lab operations and facilities management and a suite of shared amenities. SmartLabs has been recognized as a 2022 Deloitte Technology Fast 500 company and a 2022 Fortune Top 25 Best Small and Medium Places to Work in Biotechnology and Pharmaceuticals company. For more information, visit SmartLabs.com.
The reimagined CambridgeSide is a place to shop, dine, work, live and relax in Cambridge, MA, just steps from downtown Boston. CambridgeSide features one great waterfront location with shops, restaurants and planned future life science, office, residential and additional retail, restaurants, and green spaces under construction. Upon completion, CambridgeSide will feature five interconnected buildings totaling 2 million square feet. CambridgeSide’s remains open during construction featuring a mix of retailers including Apple, Superdry, Sephora, T.J.Maxx and more. The diverse mix of dining options includes The Cheesecake Factory, in addition to 13 eateries. CambridgeSide is handicapped and MBTA accessible (Green Line T to Lechmere Station or Red Line T to Kendall Square to the free CambridgeSide Shuttle Bus), and offers attached, covered parking. For directions and information, call 617-621-8666 or visit CambridgeSide.com. CambridgeSide is a mixed used complex owned by a partnership between New England Development and a client advised by UBS Asset Management.
New England Development
For over forty years, New England Development has taken a creative, entrepreneurial approach to real estate development and management - delivering and sustaining successful projects across a wide range of property types. These projects transform complex challenges into preferred locations, generate long-term value to communities, afford compelling opportunities for local and national businesses, and offer sought-after experiences to a wide range of consumers. The company is acclaimed for creating some of the country's most widely recognized and successful regional centers, as well as multifaceted developments that combine retail, residential, hotel, life science and office uses. Outlet centers, high-end and street-front retail, airport retail, golf courses, restaurants, and marinas round out New England Development's robust portfolio. For more information, visit NEDevelopment.com.
UBS Asset Management
UBS Asset Management is a large-scale asset manager with a presence in 23 markets. It offers investment capabilities and investment styles across all major traditional and alternative asset classes to institutions, wholesale intermediaries and wealth management clients around the world. It is a leading fund house in Europe, the largest mutual fund manager in Switzerland, the second largest fund of hedge funds manager and one of the largest real estate investment managers in the world.
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