Newmark Secures 110,684-SF Renewal for Nuvera Gas Cells at Rivertech Park in Billerica

BILLERICA, MA–Newmark introduced that it has secured a 110,684-square-foot lease renewal for Nuvera Gas Cells, LLC. on the two-building superior manufacturing facility Rivertech Park in Billerica, Massachusetts.

The tenant secured the long run lease renewal for your entire facility situated at 129 Harmony Street.

Newmark Government Managing Administrators Richard Ruggiero, Torin Taylor and Matthew Adams, alongside Senior Managing Director Rory Walsh, facilitated the renewal on behalf of the tenant, a worldwide supplier of environment friendly and dependable zero-emission energy options.

“By means of the collaborative efforts put forth by all events, we’re gratified to have secured this win-win resolution and sit up for the continuation of the complementary partnership between the tenant and possession,” mentioned Ruggiero. “Nuvera’s renewal was motivated by it’s means to keep up the superior infrastructure in-place on the asset, confirmed progress of the hydrogen gasoline cell business we’ve witnessed and the unrivaled entry to extremely competent work power close by, amongst extra.”

Nuvera has garnered a repute for powering gasoline expertise throughout various purposes, together with on- and off-road automobiles and gear, port and maritime purposes, in addition to stationary and transportable energy options inside the rising hydrogen economic system. The tenant first recognized Rivertech Park as an optimum resolution for its operation in 2006/2007 and proceeded to safe a full-building lease for its relocation from Cambridge to Billerica, Massachusetts. The tenant has maintained its footprint on the asset for practically 20 years, with renewals in 2017 and 2024.

The 30.57 acre, absolutely occupied property options two buildings, each of which had been renovated in 2001 with new techniques and facades, in addition to a number of improve investments time beyond regulation, together with mechanical techniques, laboratory area together with clear rooms, a brand new roof and car parking zone replacements. The property is situated alongside the Route 3 Hall, recognized in Boston because the Northwest Expressway.

JLL represented the Landlord within the transaction, Rivertech Proprietor LLC.

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