Boston, August 21, 2017 – Colliers International announced today that assistant vice presidents Ryan Healy and Mike Shakespeare have leased approximately 30,000 square feet to a new innovative hardware workspace, G-Tek Labs. Backed by Taiwan-based Gigatek, Inc., G-Tek Labs will create an environment conducive to development, manufacturing and scaling of electronic devices. The shared workspace will provide access to design software and state-of-the-art equipment, such as 3D printers and pick and place machines, that are required to explore new ideas in the hardware technology arena. G-Tek Labs has begun construction on its two-story space at 28 Damrell Street in South Boston with plans to launch Phase 1 in September 2017. It has already started accepting applications for prospective members. More information about the facilities can be found at g-teklabs.com.
G-Tek Labs recognizes Boston as a renowned center for innovation and is home to one of the largest start-up ecosystems in the world. “With Ryan and Mike’s help, we searched the Seaport, Downtown Boston, Cambridge, and Somerville markets for our home, and selected 28 Damrell and Andrew Square due to the area’s rich manufacturing and industrial history,” noted Jeff C. Chang, CEO of G-Tek Labs. “South Boston and Andrew Square, in particular, is a major site for redevelopment, and one of our central goals is to ensure that manufacturing remains a part of its future. We are very excited to open our doors, connect with Boston’s innovation ecosystem, and hopefully be an asset to the community.”
Its convenient location between the Andrew and Broadway Red Line T-stations as well as on-site parking also significantly contributed to the Southie allure. According to Healy, “With hardware technology requiring more of a flex/industrial space but the same kind of talent, Southie’s access to the Red Line, sometimes dubbed the ‘Brain Train’, is an ideal solution.”
Attorneys Ku Yoo of Chang & Yoo LLP and James Heffernan of Rich May, PC represented G-Tek Labs in negotiating the lease and other corporate matters. Scott Gredler with Cushman & Wakefield represented the landlord, Damrell Properties LLC in the transaction.