Industry News

CryoLife Inc. plans to begin construction in January on a new 98,268-sf build-to-suit facility to house its growing manufacturing, warehouse and office functions adjacent to the company's existing headquarters in Kennesaw at Barrett Business Park. Move-in is anticipated in March 2001. CryoLife preserves living human tissue and manufactures heart valves and surgical adhesives.

Siemens Electromechanical Components Inc. opened a new three-story, 100,000-sf headquarters in July at the Westpark Office Center. R&D, customer service reps, and corporate executives are housed at the new facility constructed by Group VI Corp. of Stockbridge.

Hebrew College will relocate its 2,000-student campus from Brookline, Mass., to a 7-acre site in Newton. $26 million of construction is scheduled for completion by 2001, including academic and administrative buildings, a student center and library. A new dormitory will be built at a later date.

Tellabs Inc. is considering expansion of its facilities in Massachusetts. The Lisle, Ill.-based telephone equipment company is headquartered in Burlington, but has received a proposal from Boston properties Inc. to build two buildings in Andover totaling over 200,000 sf.

Serono Laboratories Inc., based in Norwell, Mass., plans to consolidate its offices and labs at a new $20 million, 200,000-sf headquarters that will straddle the town line between Hingham and Rockland. A.W. Perry Inc. of Boston is the developer on the project. Construction has not yet begun, but move-in is scheduled for late 2000.

Serono Labs is a drug-development company and a subsidiary of Ares-Serono Group SA of Geneva, Switz.