Beacon Power Signs 103,000-SF HQ Lease

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TYNGSBOROUGH, MA-This suburban community north of Boston will soon be welcoming a new business, as Beacon Power Corp. has agreed to lease all of 65 Middlesex Rd. from GFI Partners. The single-story, 103,000-sf building will serve as Beacon’s headquarters and a manufacturing facility for the firm’s energy technology products.

“This new facility…will provide Beacon with the space and infrastructure we need to expand our business and make a smooth transition from development to full-scale production,” CEO Bill Capp says in a statement. Capp says that Beacon will depart from 234 Ballardvale St. in Wilmington by October, adding the firm should be able to test and build more than 1,000 of its patented flywheel systems annually at the new property. Capp did not indicate whether any employees will be unable to make the switch to 65 Middlesex Rd., which is located about 20 miles from the Wilmington facility.