Symbotic Leases 60,000 SF Office Space At 200 Research Dr, Wilmington

The property involved in the transaction is a 60,000-square-foot office headquarters located at 200 Research Drive in Wilmington, MA. The building caters to office, lab, research, and light manufacturing and warehouse users. Symbotic, a robotics company, has renewed its lease for this property in the northern suburb of Boston.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not Applicable
• Tenant: Symbotic
• Landlord: Novaya Real Estate Ventures
• Tenant's Rep: Michael (Mike) Ripp (CBRE)
• Landlord's Reps: Matt Adams, Torin Taylor, Richard Ruggiero, Rory Walsh (Newmark Knight Frank)
• Market: Wilmington

The lease negotiations for the property were overseen by Michael Ripp of CBRE representing Symbotic. On the other side, the landlord Novaya Real Estate Ventures was represented by Matt Adams, Torin Taylor, Richard Ruggiero, and Rory Walsh of Newmark Knight Frank. Symbotic specializes in developing robotics and software aimed at enhancing supply chain management for manufacturers, distributors, and retailers.