Devens

Jones Lang LaSalle said it has helped secure leases for 235,000 square feet of space in the Devens Industrial Park over the past month.

Massachusetts has come to be known as the Hollywood of the East, but it's been lacking one crucial element: a professional film studio where crews can shoot indoor scenes with all the necessary equipment on hand. That changed this fall when New England Studios finally launched in Devens. A project six years in the making, New England Studios may be the key to acheiving what Massachusetts economic development leaders hoped for when they designed film tax credits to lure the industry here: a new destination for the film industry.

American Superconductor Corp. (AMSC), a Devens-based wind and power grid company, announced it has increased its borrowing capacity through an amendment to its existing loan and a stock sales agreement.

Lexington-based Evergreen Village Collaborative has been selected by MassDevelopment to build 120 housing units in the Grant Road neighborhood of Devens, the state agency announced.

Devens-based wind and power grid company AMSC reduced its loss in its most recent financial quarter, but said governmental instability in Asia could prevent the company from reaching its full-year revenue target.

Nypro has agreed to lease more than 205,000 feet of space in Devens at the former Evergreen Solar plant, according to real estate companies involved in the deal.

Four Central Massachusetts firms have been named winners of economic impact awards, given annually by MassEcon, a nonprofit that helps promote business growth in the commonwealth.

The 495 North submarket, which has struggled with office vacancy and offered lease rates well below those found in neighboring regions, showed signs of improvement in the third quarter of 2013, according to Boston commercial real estate advisory firm Richards Barry Joyce & Partners (RBJ).

Since news broke last week that Clinton-based precision-injection molding manufacturer Nypro is scouring Central Massachusetts for a new manufacturing site to accommodate new contracts for the production of medical devices, there's been speculation about whether it might set up shop in space left vacant when Evergreen Solar shuttered its Devens plant in 2011.

Nypro is eyeing at least three Central Massachusetts sites for a major expansion of its manufacturing operations.