Med Tech Firm to Relocate HQ to Raynham

480 Paramount Drive, Raynham, MA

RAYNHAM, MA—Medical technology firm OMNIlife science. Inc . will relocate its corporate headquarters from East Taunton, MA to 40,000 square feet of space on Paramount Drive here. The firm, currently headquartered at 50 O’Connell Way in East Taunton, will eventually shifts its operations to 480 Paramount Drive in Raynham. The medical technology company is occupying the entire building owned by Calare Properties of Hudson, MA. OMNI is a hip and knee implant replacements engineering, manufacturing, and distribution support company. The firm is expected to take occupancy of its new Raynham headquarters sometime this summer. “480 Paramount Drive offered a premier home for OMNI’s new headquarters, featuring state-of-the-art systems, fixtures, and distribution components,” says Rick Randall , president and CEO of OMNI. “We are confident that the space will allow us to continue our growth…” Steve Clancy , EVP/partner of CBRE/New England ‘s industrial team, represented OMNI in the lease transaction. Calare acquired the 100% vacant 480 Paramount Drive in December of last year. Although the company would not divulge the purchase price, a published report in the Worcester Business Journal cited land records that pegged the purchase price at $2.9 million. “Leasing the entirety of 480 Paramount Drive so quickly after purchasing the facility is a testament to our ability to identify premier acquisition opportunities and execute a strategic leasing plan,” says Bryan Blake , president of Calare. “Our hands-on ownership and property management teams will work closely with OMNI to get their new headquarters up and running.” In another technology company relocation, Cummings Properties reports that MIT spinoff SolidEnergy Systems is moving from Waltham, MA to Woburn, MA and expanding its footprint from 3,000 square feet to 23,000 square feet. The company will relocate in August to its new headquarters at Cummings Properties’ 35 Cabot Road property. SolidEnergy developed an “anode-free” rechargeable lithium metal battery with twice the energy density of conventional batteries. The company began operations in 2012 at North Shore InnoVentures, a nonprofit technology incubator at Cummings Center in Beverly. In 2013, in collaboration with A123 Venture Technologies, it opened a 3,000-square-foot R&D lab in Waltham. Cummings Properties leasing directors Mike Truesdale and Rob Yacobian worked with Warren Brown , president of Boston Commercial Properties , on the transaction. Following an extensive renovation and build-out, the new space will be approximately 40% open office space and 60% production space, Cummings officials state.