News: Owners Developers & Managers

Cummings Properties signs Lithios to 8,000 s/f lease at 196 Boston Ave.

Medford, MA Cleantech company Lithios has graduated from an incubator lab at MIT’s “The Engine,” in Cambridge, to 8,000 s/f of dedicated space. The firm’s new headquarters, situated within Cummings Properties’ 196 Boston Ave. innovation campus, will house its administrative and research and development functions.

Founded by Massachusetts Institute of Technology (MIT) engineers, Lithios is pioneering a clean, electrochemical method of lithium extraction. This natural resource, traditionally mined via inefficient, eco-unfriendly processes, is essential to the large-scale adoption of electric vehicles and heavy machinery.

Co-founder and CEO Dr. Mo Alkahadra developed the technology alongside his Ph.D. advisor MIT Roos Chair professor Martin Bazant, Ph.D. The pair established Lithios in 2022, and has since operated with the support of a two-year Activate Fellowship.

Cummings Properties business development director Al Diamond worked directly with Alkahadra and his team on the lease, which included a custom buildout. According to Diamond, Cummings’ in-house design and construction professionals completed work this fall equipping the new facility with pilot and testing areas as well as a machine shop.

“Medford is fast becoming an ideal spot for energetic startups to lay down roots,” said Diamond. “Growing companies like Lithios can capitalize on the built-in talent pool from nearby universities, and the rates are just a fraction of what you find down the road in Boston and Cambridge.” 

The Medford innovation campus features move-in-ready lab and office space with upgraded finishes, free covered parking, and on-site MBTA bus access. The Green Line extension, as well as numerous eateries, shops, and other conveniences, are within close walking distance.

MORE FROM Owners Developers & Managers

Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI

Boston, MA Atlantic Property Management (APM) has expanded its internal facilities maintenance and operations platform and has been assigned two new facility management contracts in Rhode Island. The properties will undergo redevelopment and repositioning
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any
New Quonset pier supports small businesses and economic growth - by Steven J. King

New Quonset pier supports small businesses and economic growth - by Steven J. King

Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.