13 Riverside Rd Update 01/22/24

Riverside Labs in Weston, MA to Launch Second Phase of Construction

Greatland Realty Partners and Rockwood Capital today announced that they have closed on construction financing for Phase Two of Riverside Labs in Weston, MA. Located at the intersection of Interstates 90 and 95, the project expands and converts an existing office space into a 340,000 square foot life science campus.

“Riverside Labs offers innovative life sciences companies with state-of the-art office and lab space in an extremely desirable location. At a time when attracting and retaining talent is key, Riverside Labs is an asset to emerging and established life sciences companies,” said Kevin Sheehan and Philip Dorman, founders of Greatland Realty Partners. “We appreciate the collaboration of the many partners involved in moving Phase Two of this project forward.”

Construction financing is being provided by RBC; financing was arranged by Newmark. Riverside Labs was designed by Gensler and is being constructed by Shawmut Design and Construction.

Phase One of the project, which includes 90,000 square-feet of tenant ready lab space, was completed earlier this fall. ModeX, a clinical-stage biotechnology company developing next-generation multispecific biologics for cancer and infectious diseases, currently occupies 33,000 square feet of space in the building.

Phase Two of the project, which includes 120,000 square feet with covered parking, creates a new cafe with both indoor and outdoor gathering space on the site. The project will be built to LEED, WELL and WIRED standards.

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