Calare’s Final Step Towards Top Corporate Campus

The company broke ground on a 58,000-square-foot, Class A office building in Lowell, Mass. after long-time tech tenant signed a 20-year lease for the entire site.
Groundbreaking ceremony at MACOM's 144 Chelmsford, Lowell
Groundbreaking ceremony at MACOM’s 144 Chelmsford, Lowell

Just months after acquiring the MACOM headquarters, Calare Properties laid the first stone on a new office building at 144 Chelmsford St. in Lowell. The real estate operator aims to create a top-notch 15-acre corporate campus that would facilitate MACOM Technology Solutions Inc.’s needs. The project is slated for completion in 2018.

The Class A, 58,000-square-foot office building will feature state-of-the-art design and floor-to-ceiling windows with plenty of natural light. The campus-to-be provides easy access to Lowell Connector and Route 3 and is right next to the train station. It is also just one mile away from downtown Lowell.

Former owner MACOM has been occupying the adjacent R&D and manufacturing facilities, located at 100 Chelmsford St. and 121 Hale St., for 25 and 3 years, respectively. After the purchase, the company leased the buildings for the next 20 years and plans to remodel them, joining forces with the current landlord.

As owner and developer of this dynamic site, Calare is thrilled to help write the next chapter of MACOM’s success at this flagship property and support the company’s vision in establishing a premier corporate campus setting that unifies modern office, manufacturing and R&D space in a creative manner,” Bill Manley, Calare Properties CEO & chief investment officer, said in prepared remarks. “The delivery of a world-class facility such as 144 Chelmsford is a notable step forward for this flourishing market where existing manufacturing and industrial space has been limited,” he added.

Image courtesy of Calare Properties