Mayo's 10-year commitment helps justify a plan to retrofit and expand the former Smith & Nephew building to 140,000 sf, a venture complicated by the property's presence in both Andover and Tewksbury. Condyne President Jeffrey O'Neill acknowledges the dual citizenship of the asset required an extra layer of effort, but reports the initiative is finally cleared for take off. "Now we can really ramp up and get the improvements done," says O'Neill, whose Quincy-based company is providing design/build services for the renovation through its Advantage Construction Inc. affiliate.

Besides the laboratory facilities being installed for Mayo, 160 Dascomb Rd. will offer a mix of flex, office and warehouse space, with the latter product featuring 28-foot clear heights. Not known as a warehouse market, I-93 tenants might be receptive to that option, relays O'Neill, who cites a location right off the highway as a strong suit of 160 Dascomb Rd. for all users. The building is also designed to compete for tenants seeking high-end flex space.

An experienced developer of industrial product, the bulk of Condyne's holdings are in southeastern Massachusetts, but the firm also owns another Andover building plus a Littleton distribution facility that is also being expanded. Condyne has an office building in Bolton as well. The firm also has investments in multifamily and retail.