5 Cherry Hill Dr

Beverly is a quaint but vibrant suburban city about 25 miles north of downtown Boston. Danvers lies to the west, with Salem located immediately south, just across the Essex Bridge. Residents are drawn to serene green spaces, golf courses, and water access through Mackerel Cove and Woodbury Beach.

Major arterials include Route 128, which runs along the north side of town and provides access to Gloucester. Route 1A travels through central Beverly, giving motorists access to Salem further south and Ipswich to the north. The central portion of the city is dotted with restaurants, quaint shops, bars, and art galleries.

Major employment hubs include Cummings Center, just north of downtown, which is the former headquarters of United Shoe Machinery Corporation. In the late 1990s, a significant renovation turned the site into a corporate campus providing office, laboratory, or research space. There is also a cluster of biotech and high-tech uses along Cherry Hill Drive, north of Route 128. Occupiers include HighRes Biosolutions, Axcelis, Leica Biosystems, and Abiomed.

Postsecondary education options nearby include Gordon College and Endicott College, which enroll well over 5,000 students combined. Transit options are plentiful, with major stops at North Beverly, Beverly, and Montserrat Station along the Newburyport/Rockport commuter line.

Tenants looking to locate or expand in the area will find vacancies running slightly below the greater Boston metro trend, with space pricing indicating a 45% discount to market asking rates. Tenants looking to escape the more expensive clusters closer to Boston proper will also find many well-paid working professionals nearby.