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Berkeley Buy Sheds Light on New-Age Industrial

TEWKSBURY, MA-Old industrial's out as marketers bet on high-tech.

By John Salustri | Updated on October 16, 2000

TEWKSBURY, MA-As reported here last week, Berkeley Investments Inc. has acquired a 750,000-sf campus here and renamed it 495 Network Center. In a follow-up interview, Jim McCaffrey, SVP for Meredith & Grew/Oncor International, which has been retained as leasing agent, says that the emphasis will be on new tech for the former Wang facility.

“For sure, you’re seeing a shift from traditional manufacturing to more high-tech manufacturing,” he tells GlobeSt.com. “This facility used to house assembly for huge mainframe computers. Now it’s likely to house next-generation optical networking.” He makes it clear that the marketing effort is not geared solely to the tech sector, but “It’s expected that this is where the next wave will be from.”

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