Calare Properties Acquires MACOM’s Corporate Headquarters at 100 Chelmsford Street in Lowell
January 19, 2017
Along with this transaction, Calare will develop an adjacent 58,000 SF Class A office building to establish a world-class corporate campus environment for the global firm
Calare Properties (Calare), a private Massachusetts-based real estate investment firm and operator, announced today that it has acquired 100 Chelmsford Street in Lowell, a 150,000 square foot (SF) R&D and manufacturing facility with a 20-year leaseback to MACOM Technology Solutions Inc., an international
manufacturer and supplier of technology products. The acquisition was managed as an off-market transaction.
In conjunction with the acquisition, Calare plans to develop an adjacent 58,000 sf Class A office building at 144 Chelmsford Street, to be leased by MACOM for a 20-year term upon anticipated delivery in 2018.
“This strategic acquisition and prime development opportunity will establish a world-class corporate campus to serve as MACOM’s global headquarters, furthering the company’s commitment to growing in this thriving market where availability of existing manufacturing and industrial space is limited,” said Bill Manley, CEO and CIO of Calare. “We’re pleased to have this opportunity to further develop our longstanding relationship with MACOM through this transaction, and to play such a substantial role in the company’s expansion and long-term vision.”
MACOM has been based at 100 Chelmsford for over 25 years, and has leased the adjacent property at 121 Hale Street, which is also owned by Calare, for the past three years. Upon completion, 144 Chelmsford Street will serve as the centerpiece of MACOM’s vibrant corporate campus, supporting the two manufacturing
MACOM is a leading supplier of high-performance analog RF, microwave, millimeterwave and photonic semiconductor products that enable next-generation Internet and modern battlefield applications. A pillar of the semiconductor industry, the company thrives on more than 60 years of expertise in complex problem-solving
for applications ranging from RF to Light.
100 Chelmsford is strategically located near Route 3 and I-495, offering convenient access via public and private transportation. The property is situated within the thriving Route 3 Corridor where the industrial flex sector continues to see steadily decreasing availability.
About Calare Properties
Calare Properties is a private real estate manager and operator focused on acquiring warehouse, manufacturing, research and flex/office commercial real estate for the economic benefit of our investors and strategic partners. Since the firm’s inception in 2003, Calare has led the acquisition of over 18.5 million square feet of properties representing $850 million in transactions through funds, direct deals and a multi-asset portfolio. Further information is available at www.calare.com.