Mayo's 10-year commitment helps justify a plan to retrofit andexpand the former Smith & Nephew building to 140,000 sf, aventure complicated by the property's presence in both Andover andTewksbury. Condyne President Jeffrey O'Neill acknowledges the dualcitizenship of the asset required an extra layer of effort, butreports the initiative is finally cleared for take off. "Now we canreally ramp up and get the improvements done," says O'Neill, whoseQuincy-based company is providing design/build services for therenovation through its Advantage Construction Inc. affiliate.

Besides the laboratory facilities being installed for Mayo, 160Dascomb Rd. will offer a mix of flex, office and warehouse space,with the latter product featuring 28-foot clear heights. Not knownas a warehouse market, I-93 tenants might be receptive to thatoption, relays O'Neill, who cites a location right off the highwayas a strong suit of 160 Dascomb Rd. for all users. The building isalso designed to compete for tenants seeking high-end flexspace.

An experienced developer of industrial product, the bulk ofCondyne's holdings are in southeastern Massachusetts, but the firmalso owns another Andover building plus a Littleton distributionfacility that is also being expanded. Condyne has an officebuilding in Bolton as well. The firm also has investments inmultifamily and retail.