Industry News

California-based tech giant Cisco Systems has planned 13 buildings in Boxborough and Littleton totalling 1.5 million sf and is seeking approval to develop 500,000 sf in three additional buildings for a total of 2 million sf. At the Boxborough office campus, the network switching and routing company's "second home" in Massachusetts, only a small portion of the currently unoccupied 10-building campus has been built.

Renovations to a 48,000-sf building have been completed at Point Loma Nazarene University's Mission Valley campus.

LipoMed will consolidate its three Raleigh locations in a new headquarters for the biotech company at the Parker Business Center, where Phase I construction is complete. A nearby 40,000-sf shell building has been fitted-up and is ready for move-in. An adjacent 33,000-sf shell building will be upfitted, and a 12,000-sf connector built in Phase II of the project. LipoMed performs diagnostic testing of lipoproteins to determine heart disease risks.

PerkinElmer Life Sciences, based in Boston, has a new 3,800-sf manufacturing building under construction in Billerica. The renovated space will accommodate 10-12 employees. The plant will produce Yttrium 90 for use in radiotherapeutic cancer treatment. It is anticipated that the facility will be operational in early 2002.

Abbott Labs has proposed a 1,000,000-sf expanison in Redwood City, providing manufacturing and R&D facilities for the Chicago-based bioscience company's cardiac products. Maximizing the company's proximity to the world-class cardiac clinics at Sequoia Hospital and Stanford Hospital, Abbot purchased the Redwood City-based Perclose biotech in 1999. Abbott plans to spend up to $350 million on the new complex. Ground may be broken on the three-phase project by the end of 2002.