MIT spinoff to expand in Milford at former Stop & Shop property
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Ambri leased 140,000 square feet of a former retail plaza in Milford.
Ambri, an MIT-spinoff manufacturing company headquartered in Marlborough, is planning to expand into Milford with the construction of a 140,000-square-foot facility.
Ambri leased a 140,000-square-foot space at 196 East Main St. in Milford, which it will redevelop into flex and manufacturing space, according to a Wednesday press release from Lincoln Property Co., a Texas-based firm with Boston offices. LPC brokered the lease.
Ambri specializes in renewable energy storage technology and produces a long-duration liquid metal battery. In August, the company announced it had secured $144 million in investments to build new manufacturing facilities across the country.
“We are very excited to take this next step in commercialization and maintain our forward momentum as a company,” Ambri COO Jim Prueitt said in the press release. “This new facility will expand our U.S. manufacturing operations — close to Ambri’s roots in Massachusetts — making it easier to build synergy between development and manufacturing, as well as maintain cohesion and continuity for our existing employees.”
The new facility will be developed at the former site of a retail plaza anchored by Stop & Shop and Home Goods. The current plaza is more than a million square feet in total, assessed at $15 million by the Town of Milford. It’s owned by RJ Kelley, a Burlington-based real estate agency, which bought it in June 2021 for $16.4 million.
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