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tive
viken
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appHarvest
covaris

300% YOY growth over 7 years.

Services Provided:
  • Headquarters
  • Tenant representation
  • Cultural integration consulting
  • Owners project management
  • Real estate leadership
Challenge:

Balancing growth, quality and burn rate for growing technology companies is hard – the same applies for real estate strategy.

Solution:

The Steele Group advised LinkSquares on their past 5 office moves. Through aligning growth strategies with headcount, revenue and funding, The Steele Group was able to provide ultimate deal flexibility, with options that adhered to and limited CAPEX requirements for Boston’s fastest growing tech company.

Result

Shortly after moving into a Class A downtown sublease, LinkSquares’ $100M Series C investment closed, and The Steele Group facilitated a four floor, 125,000 SF lease, inclusive of a major free-rent package, floor-by-floor takedown aligned with growth projections, flexible TI package and building signage. In the process, The Steele Group assembled a first-class team to master plan across all floors, leading project management, design and construction. Today, LinkSquares is ready to take flight towards their next phase of growth, further deepening their employee experience and solidifying LinkSquares as one of the most powerful companies in Boston.

“Scaling a technology company presents many challenges. LinkSquares was very fortunate to have started working with The Steele Group from inception. As we’ve grown – and occupied five different offices – their team has guided us every step of the way, from balancing our space requirements with our budgets, to helping us strategically plan and execute seamlessly across our entire life cycle.”

Vishal Sunak

At the forefront of mRNA therapeutics and synthetic biology

Services Provided:
  • Strategic Master Planning
  • Short Term Expansion
  • Tenant Representation
  • Owners Project Management
Challenge:

Strand Therapeutics was in need of critical expansion space, following the successful raise of their Series A investment - totaling $97M. The Steele Group battled the most competitive lab market in history, and as Strand's team grew across discovery, process development and vivo functions - near term and long term challenges needed to be solved.

Solution:

The Steele Group helped Strand find four short term locations for each team, with a plan to consolidate the company at 20 Overland Street in the Fenway district, an office to lab conversion project that had been a vehicle manufacturing plant during World War II, and consequently has substantial floor-to-floor heights, ample fenestration for natural light, and plenty of structural capacity. This conversion, along with other factors, led to Strand’s interest in the building.

Result:

The Steele Group advised Strand Therapeutics on a seven year, 64,000 RSF deal across two floors at 20 Overland Street, allowing the company to take one step closer to developing the first platform for the creation of programmable, long-acting mRNA drugs capable of delivering precise, multi-functional, potentially curative treatments with a single dose.

“When it comes to multi-million dollar real estate decisions, the complicated and competitive process necessitates true partnership. As a growth-minded company, we prefer to work with partners that embody a similar ‘hustle’ ethos and can deliver both on time and within specified requirements. TSG has brought knowledge, trust, and stalwart execution to the table for our company on a multitude of occasions.“

Jacob Becraft

Transforming and scaling R&D for people and our planet

Services Provided:
  • Real estate master planning
  • Global Tenant representation
  • Expert project management
  • Real Estate Capital Markets
  • Incentives Procurement
Challenge:

Seurat Technologies is disrupting a 7,000-year-old manufacturing process, competing directly with the volumes, quality and price points of traditional manufacturing. With a focus on re-shoring that’s turning to supply chain issues into opportunity, and emphasizing a reliance on clean energy, Seurat has created tremendous demand for its area printing solution. These insightful moves have resulted in experienced orthogonal growth. With this level of potential, Seurat needed a partner capable of fueling their momentum. The Steele Group stepped in, eager to learn their plans and how their business functioned. We designed a real estate strategy to meet the immediate demands, and long- range plan for future deployments.

Solution:

Following an expansion of Seurat’s R&D center, the team experienced unsurpassed demand. The Steele Group worked tirelessly with leadership, MEP consultants, and industry-focused project management to qualify and validate Seurat’s facility requirements – studying equipment, load requirements, headcount growth, and space programming.

Result

A campus strategy, inclusive of three adjacent buildings, a 103,000 SF print depot, a 16,000 SF R&D center, and a 25,000 SF headquarters - unlocking Seurat’s potential to reach over 30 printers and 500 employees by 2025

"As a company optimizing additive manufacturing to bring back US manufacturing, we have a very real need to improve efficiency everywhere we can. And we’re making it possible with tremendous help from the campus strategy The Steele Group created. By locating our print depot, R&D center and office headquarters within walking distance, we now work as a unified organization, which helps teams collaborate, problem solve and grow together. We are thrilled The Steele Group understands that Seurat’s mission is more than just creating the next unicorn company, but an opportunity to positively impact our planet."

James DeMuth

Flexible, scalable and autonomous real estate strategies

Services Provided:
  • Tenant representation
  • Labor demographics study
  • Manufacturing planning
Challenge:

RightHand Robotics closed on a $66M Series C round, led by Safar Partners and THL, putting pressure on their current headquarters and R&D center. In one of the most competitive flex/industrial markets in the country, RightHand needed a solution – fast – with an intent to keep costs low and stay local to their team’s high- value engineers.

Solution:

Following a thorough review of RightHand’s building specs and program, The Steele Group targeted both available listings and off-market opportunities from the inner urban core to Route 128. Within two months, The Steele Group delivered on a facility within five minutes of their current location, at 30% below market. Along with lower costs, came a focus on quality, and the team successfully negotiated a strong base building delivery package, preserving Righthand’s venture dollars so they could spend it on their most important assets, their people and R&D.

Result

RightHand Robotics successfully leased a 50,000 SF facility in Charlestown, an old book binding factory. Incredible loading, ample clear height, strong power and a brand new base building MEPs.

“We knew RightHand Robotics needed more space, but we also knew that the type of space we needed is hard to come by close to Boston. We turned to The Steele Group who broke down all of our needs, business requirements, staffing challenges and objectives for the future. They came back to us with options that weren’t even on the market – giving us more choices than we feel we would have had with any other provider. This allowed us to stay within our target area, helping keep our teams happy with the move.”

John McNamara

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