Camber Development and Wheelock St. Capital execute 53,253 s/f lease with VEIR, Inc.

Woburn, MA Camber Development, in partnership with Wheelock St. Capital, have executed a strategic 53,253 s/f lease agreement with VEIR, Inc. at 45 Industrial Parkway. VEIR is a technology company pioneering superconducting power delivery solutions and developing next-gen products that address complex power challenges – from data center to electricity transmission. 

Following a short-term agreement at the property for product testing purposes, JLL brokered a longer-term lease that marked a significant milestone for VEIR, as it looks to scale manufacturing.

VEIR’s first-generation Superconducting Technology for AI Racks (aka STAR) Demonstration successfully delivered 3 megawatts of power via a single low voltage cable within a simulated and scalable data center environment.

The successful demonstration was conducted at 45 Industrial Parkway, where VEIR will occupy 53,253 s/f. 45 Industrial Parkway totals 89,308 rentable s/f, leaving 36,055 s/f of first and second floor space available for another tenant. The property is zoned Industrial, boasts ample power with 7,000 Amps across two services, and 18’6” clear height.

“This lease represents a strategic partnership with VEIR and their commitment to innovation and growth in Massachusetts,” said Katie Speede, chief operating officer at Camber Development. “We are excited to continue working with the team and look forward to supporting their continued success.”

“Our ability to test and manufacture next-generation superconducting power density solutions in a facility like 45 Industrial Parkway is critical to accelerating the commercialization of our solutions,” said Tim Heidel, CEO of VEIR. “This space provides the infrastructure and flexibility we need to scale our operations and deliver transformative energy technologies to the market.”

Chris Decembrele, Rachel Marks, and Chelsea Andre from JLL represented building ownership and were integral to the transaction. Anne Columbia from Columbia Realty Group and Rob Kinlin from CBRE represented VEIR in the transaction.