Mayo Clinic Signs 10-Year Lease at 160 Dascomb Road Condyne, in joint venture with Greenstreet Real Estate Partners, has executed a 10-year lease for 55,000 SF with Mayo Medical Laboratories at 160 Dascomb Road in Andover, MA. Mayo Laboratories is the diagnostic reference laboratory for The Mayo Clinic. The firm relocated from a 30,000 SF facility in Wilmington, MA - nearly doubling its space requirements. 160 Dascomb Road is a 125,609 square foot warehouse and office building that is conveniently located just off of Route 93 and only minutes from Route 495 - one of the most active flex/industrial markets in Eastern Massachusetts.
Rich Ruggiero and Torin Taylor of Cushman and Wakefield represented the landlord in this transaction while Mark Carangelo and Paul Miraglia from Equitable Real Estate Solutions represented the tenant.
Mayo Medical Laboratories is leasing 47,000 SF of warehouse and 8,000 SF of office space. The warehouse space will be converted to various types of labs including chemistry, toxicology, and serology labs. Advantage Construction is prepared the existing warehouse to be in shell condition for Mayo while also making exterior improvements to the building and surrounding grounds. The building has a new roof, HVAC system, a Dri-design aluminum wall panel facade, a new store-front and additional windows. Site improvements included a new monument sign, flagpole and additional landscaping.
Mayo Medical Laboratories specializes in esoteric laboratory testing for health care organizations throughout the United States and around the world. Its mission is to support the local delivery of laboratory services by providing exceptional reference testing and support services which facilitate and augment community integration efforts.
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