Foundation Alloy Leases 36,055 SF Industrial Building in Woburn

Foundation Alloy has signed a lease for 36,055 square feet of industrial space in Woburn, a suburb north of Boston in Massachusetts. The manufacturer is relocating its production operations from The Engine, a nonprofit incubator facility owned by the Massachusetts Institute of Technology, to a building at 45 Industrial Parkway.

Kevin McNamara, Ross Gaudet and Michael O'Leary of Cushman & Wakefield represented the tenant in the negotiations. Chelsea Andre, Rachel Marks and Chris Decembrele of JLL represented the landlord, a partnership between Camber Development and Wheelock Street Capital.

The deal shows continued tenant demand for small-to-mid-sized manufacturing space in the Greater Boston industrial market, as emerging companies graduate from incubators into dedicated facilities.

For developers and owners, the transaction is a reminder that well-located flex and manufacturing buildings in the northern suburbs can attract growing technology manufacturers.