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A Compendium of Property & Capital News
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Jun 24
A Compendium of Property & Capital News

Cresa Oversees Corporate Relocation of NextShift Robotics

March 06, 2018 - By The Real Reporter
1001 Pawtucket Boulevard, Lowell MA

BOSTONCresa’s Boston office recently structured a five-year lease agreement for 22,450 SF at the Cross River Center in Lowell, MA for NextShift Robotics, a provider of robotics systems for e-commerce 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.

The lead team at NextShift Robotics sees the move benefitting the company in its efforts to transform the order-fulfillment process of the e-commerce industry. “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,” lauds Mary Ellen Sparrow, CEO and co-founder of NextShift Robotics.

Cresa was helpful in finding properties that could accommodate the firm’s research and development facilities. “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,” remarks Sparrow.

Joseph Doyle and Nathaniel Heilbron of Cresa negotiated the lease for NextShift Robotics. The landlord, Farley White, was represented by Steve Horan. Cresa enjoyed helping NextShift with its relocation, seeing the benefit the site’s amenities will offer to its research and development efforts. “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,” claims 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.”

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. The strategic location and office amenities will ultimately further NextShift Robotics’ expansion efforts.

Nathaniel Heilbron Joseph Doyle