Rubenstein Partners Announces New 134,000 SF Lease for Raytheon at Center at Innovation Drive in Tewksbury, MA

TEWKSBURY, Mass., May 28, 2019 /PRNewswire/ -- Rubenstein Partners, L.P. (together with its affiliates, "Rubenstein"), a vertically-integrated real estate investment adviser focused on value-added office property opportunities, announced the completion of a new approximately 134,000-square-foot, seven-year lease for Raytheon Company ("Raytheon") at the Center at Innovation Drive, an approximately 706,000-square-foot office, manufacturing, and flexible-use complex in Tewksbury, MA.  Raytheon, an industry leader specializing in defense, civil government and cybersecurity solutions, will occupy approximately 134,000 square feet across two floors at the property.

The recently redesigned Center at Innovation Drive property, formerly known as 495 Business Center, is comprised of four conjoined buildings located at 200, 300, 400 and 500 Innovation Drive. Rubenstein recently completed a state-of-the-art interior and exterior renovation plan throughout the entire campus, creating a modern workplace for multiple tenants and uses that is unique to the market. The renovations included a complete repositioning of the asset's systems, façade, entry, and common areas, including the creation of an amenity center featuring a town-hall amphitheater, fitness center, café and collaboration spaces, as well as extensive site work and landscaping.

Additionally, the Center at Innovation Drive achieved LEED certification for Building Design and Construction from the U.S. Green Building Council for this major renovation, which highlights its leadership in energy and environmental design.  

"Raytheon is a technology and innovation leader and we're extremely pleased to announce their new long-term lease at the Center at Innovation Drive," notes Peter Gottlieb, Senior Vice President at Rubenstein. "By repositioning the Center at Innovation Drive campus, we were able to unlock its hidden value. The campus is a special, differentiated offering in the market, and we are pleased to partner with cutting-edge tenants like Raytheon."

The Center at Innovation Drive campus is an alternative to other older properties located along the I-495 belt's premier office inventory. The campus offers the benefits of new construction at a compelling value for Boston based companies seeking more affordable space. The property also benefits from its strategic location and easy highway access along the Route 3, I-495, and I-93 corridors.

About Rubenstein Partners
Rubenstein Partners, founded in September 2005, is a private real estate investment management and advisory firm with operations throughout the United States.  The firm is led by its founder, David Rubenstein, and a group of senior real estate executives, and is focused on directing and managing office real estate investments in the U.S.  Rubenstein Partners' predecessor company, The Rubenstein Company, LP and affiliates, founded in 1969, was one of the largest private owner operators of Class A office real estate in the Mid-Atlantic, owning and operating a portfolio of assets valued at approximately $1.2 billion at the time of its disposition in 2004.  Since 2005, Rubenstein Partners has, on behalf of its investors and clients, invested in more than 21 million square feet of office real estate assets throughout the United States.  For more information, visit www.rubensteinpartners.com.

Contact:
Great Ink Communications, Ltd. – 212-741-2977
Tom Nolan ([email protected]) 

SOURCE Rubenstein Partners

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