Mill & Main to host community-based innovation with coworking accelerator space
CBRE/New England today announced that The Revolution Factory is set to open its new innovation campus at Maynard’s Mill & Main in March 2017. The company will bring the first accelerator, pre-accelerator, maker space and venture lab to the Metro West’s Route 2 corridor. The Revolution Factory chose Maynard due to its walkability and the area’s demand for entrepreneurial resources and skills training. The campus will include a makerspace for designing, prototyping and small-scale manufacturing.
CBRE/NE’s Sam Crossan, Alison Powers, Bob McGuire and Rob Walles represented both the tenant and the landlord in the transaction. Mill & Main is owned by a joint venture between Saracen Properties and Artemis Real Estate Partners, who have completed 350,000 SF of leasing since acquiring the project in the summer of 2015.
“We are reshaping not only how corporations and startups work, but how they innovate in order to stay relevant, and we are achieving this by creating an innovation renaissance within the Metro West market,” said co-founders and best-selling authors Ja-Nae Duane and Steve Fisher. “Our partnership with Mill & Main further cultivates the culture-shift happening in Maynard.”
Research, cited in Duane and Fisher’s bestseller, shows that by 2020 one in six people will be an entrepreneur due to the paradigm shifts occurring within the changing landscape of how we work. To support this movement, The Revolution Factory was recently awarded $25,000 by MassDevelopment as part of a funding round focused on community-based innovation and entrepreneurship.
“Though the perception can be that Greater Boston’s entrepreneurship and start-up scene is limited to Cambridge and Boston proper by many, the central suburban cities and towns of Massachusetts are filled with growing and innovative companies and entrepreneurs,“ added CBRE/NE’s Crossan. “What’s been missing is a bricks and mortar innovation campus, and The Revolution Factory plans on filling that gap. Increasingly more entrepreneurs are looking for other options outside the city that are closer to home, and that will allow them to leverage the strong talent pool that live within the Greater Metro West area.”
Mill & Main is undergoing an exciting renaissance as it shifts away from its legacy image into a modern contemporary technology hub. “We are very proud of the amenity-rich, lifestyle-mill environment we are creating at Mill & Main, and new businesses such as The Revolution Factory continue to prove our that the entrepreneurial and technology-friendly environment at Mill & Main is the best solution for their long-term home. We look forward to the continued momentum of our leasing campaign and drawing additional like-minded enterprises to Maynard,“ noted Ted Saraceno, President of Saracen Properties.
Mill & Main is strategically located in the heart of the Metro West’s “Golden Triangle,” offering easy access from Routes 2, 128, 495 and the Greater Boston area. Nearby MBTA Commuter Rail service is provided in South Acton and West Concord along with a direct connection to the Assabet River Rail Trail. The property appeals to urban and suburban commuters alike. Beyond the campus, downtown Maynard offers a variety of restaurants, banks, pharmacies, a post office, a hardware store, a sporting goods store and other specialty shops. Park amenities include Amory Café, a brand-new 6,000 SF fitness center, on-site day care and the opening of Battle Road Brewing, a brew-pub concept serving Battle Road beer on-site in addition to a full dining menu.
About The Revolution Factory
The Revolution Factory is an innovation ecosystem bridging the gap between corporations and startups by offering customized programming, innovation consultancy and management, as well as providing skills training for the future of work. Please visit our website at http://www.revfactory.com/
About CBRE/New England
CB Richard Ellis – N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. Please visit our website at www.cbre-ne.com. CBRE Group, Inc. (NYSE: CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The company has approximately 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.
