 (1).png)
News:
Owners Developers & Managers
Posted: August 7, 2020
D’Aveta of Cummings Properties assists Spectrus in 2,400 s/f lease
Beverly, MA Spectrus has graduated from an incubator lab to 2,400 s/f of space at Cummings Center’s growing biotech cluster. The mass spectrometry firm is expected to occupy its new facilities this summer. Founded in 2017 by Enrique Arevalo and Michael Ziebell, Spectrus provides proteomics services and advanced analytics for biotech and pharmaceutical development organizations.
The life sciences firm is the latest graduate of North Shore InnoVentures, a nonprofit biotech and cleantech incubator located at Cummings Center. The growth of its business from just one to 40 active accounts in the span of a few years prompted the firm to explore independent space options.
“Cummings Center is a great fit for us because it is a short distance from our primary customer base in Cambridge and Boston, its active life science community facilitates connections and hiring, and the lease rates are more affordable than areas closer to the city,” said Ziebell.
Cummings Properties account manager Justin D’Aveta worked with Spectrus CEO Paulo Reátegui on the new office lease. With discussions taking place during the height of Massachusetts’ COVID-19 outbreak, D’Aveta arranged a virtual tour of the suite for the Spectrus team.
“At Cummings Center, we have a front-row seat to the continued development of the North Shore’s thriving biotech community,” said Stephanie Aitchison, associate general manager at Cummings Center. “We are delighted to support Spectrus’ continued growth.”
According to Ziebell, Spectrus aims to steadily increase its full-time workforce each year.
“We are really excited about the room for growth this space affords, said Ziebell. “We think Spectrus has the right balance of scientific knowledge and business sense to grow rapidly in the years ahead, and we look forward to making Cummings our base for this growth and giving back to the community as we do so.”
Spectrus remained operational throughout the recent business closures across the Commonwealth and participated in COVID-19 relief efforts with research in virus detection methods.
MORE FROM Owners Developers & Managers
Routine Properties acquires Bristol Business Park at 383 Middle St. - 406,665 s/f industrial campus
Bristol, CT Routine Properties, a boutique real estate development and investment firm specializing in industrial assets throughout the Northeast, has acquired the Bristol Business Park, a 406,665 s/f industrial campus located at 383 Middle St.
.png)
 (1).png)
Columns and Thought Leadership
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch
On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala
Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
Revitalized Town Centers: Retail??? - by Carol Todreas
It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains