Boston-Based Developer Announces Completion of Phase I at World-Class Advanced Manufacturing Campus 44 Middlesex

Core Insights - Camber Development and Wheelock Street Capital have completed Phase I of the 44 Middlesex advanced manufacturing campus in Bedford, Massachusetts, delivering the first of two buildings totaling 147,000 square feet [2][3] - Phase II will involve the construction of a second 147,000-square-foot building, with construction set to begin in 2025 and completion targeted for 2026 [3] Company Overview - Camber Development focuses on logistics, advanced manufacturing, and life science properties, having acquired nearly 3 million square feet of industrial real estate since its founding in 2020 [6] - Wheelock Street Capital, established in 2008, has raised over $5 billion in capital commitments and focuses on real estate investment opportunities across the United States [7] Project Details - The 44 Middlesex campus will total 294,000 square feet, featuring advanced specifications such as 8,600 Amps of power, 36-foot clear heights, and robust structural capacity [4] - The campus is strategically located in Bedford, MA, a hub for life science manufacturing and R&D, with access to major retail centers and future retail developments [5] Market Context - The project is positioned in a market with limited existing supply and strong tenant demand, indicating a favorable environment for advanced manufacturing and biomanufacturing spaces [3] - The surrounding area offers significant amenities, including five major retail centers within a 10-minute drive, enhancing the attractiveness of the location for potential tenants [5] Leasing and Management - Newmark has been appointed as the exclusive leasing agent for the property, indicating a strategic partnership aimed at swiftly identifying suitable tenants for the new space [2][3]