Cummings Properties

What Cummings Properties does

Cummings Properties is a privately held commercial real estate firm founded in 1970 by Bill Cummings and headquartered in Woburn, Massachusetts. It manages more than 11 million square feet of office, laboratory, flex, medical, and retail space across 12 suburban Boston communities, including Andover, Bedford, Beverly, Burlington, Marlborough, Medford, Somerville, Stoneham, Sudbury, Wakefield, Wilmington, and Woburn. Major sub-brands include Cummings Center (a 2 million-square-foot mixed-use business campus in Beverly), TradeCenter 128, Dunham Ridge, and Cummings Executive Suites; the company has also extended into residential via Beverly Landing, a luxury active-adult condominium community.

The firm operates a vertically integrated model with in-house leasing, property management, design/graphics, and construction divisions, enabling build-to-suit and rapid fit-out without third-party intermediaries. Tenants range from large enterprises (Bank of America, Merrill Lynch, FedEx, Mitsubishi Electric, Analog Devices, New England Biolabs, Beth Israel Lahey Health, Tufts University) to life-sciences startups, healthcare providers, industrial users, and film production clients. Spaces are offered as full-service leases at suburban rates roughly 50-67% below Boston/Cambridge, with free parking and an expansion-space guarantee for growing tenants.

Economically, the company is structured under the 'All Profits to Nonprofits' model, with the majority of its buildings owned by affiliated nonprofit Cummings Foundation and 100% of rental profits directed to greater Boston nonprofits — over $500 million awarded to date. Revenue is not publicly disclosed; the firm is described as one of the most financially stable commercial real estate operators in the country.

Name

Cummings Properties

Legal name

Cummings Properties

Website

https://cummings.com

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

101–250 employees

Short description

Cummings Properties is a privately held, vertically integrated commercial real estate firm managing 11M+ square feet of office, lab, flex, medical, and retail space across 12 suburban Boston communities, serving enterprise tenants, life-sciences startups, and healthcare providers under an 'All Profits to Nonprofits' ownership model.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Leasing

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Nonresidential Buildings (except Miniwarehouses) (53112), Lessors of Real Estate (5311)

SIC

Lessors Of Real Property, Nec (6519), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

akta.pro secondary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Commercial real estate leasing
• Office space rental
• Laboratory space leasing
• Medical office space
• Flex warehouse space

Headquarters

HQ city

Woburn

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Commercial Real Estate Leasing: Full-service commercial real estate leases for office, lab, medical, flex, and retail spaces across 11 million square feet in 12 suburban Boston communities. Revenue generated through recurring rent payments with full-service lease terms that include property management services.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Cummings Properties leases more than 11 million square feet of commercial real estate—office, laboratory, medical, flex, and retail space—across 12 suburban Boston communities. The company delivers these spaces through a fully integrated in-house model spanning leasing, design, construction, and property management, with full-service lease terms that include all property management services and free on-site parking.

Product overview

Cummings Properties operates a commercial real estate portfolio of over 11 million square feet across 12 suburban Boston communities. The company offers five core property types: Office Space (Class-A and executive suites), Laboratory Space (incubators, wet labs, clean rooms), Flex Space (high-bay warehouse and R&D), Medical Office Space, and Retail Space. These are complemented by executive suites, satellite offices, and film location services. Key sub-brands include Cummings Center (a 2 million-square-foot mixed-use campus in Beverly with buildings 100-950) and Beverly Landing (luxury condominiums for active adults). The company differentiates through fully integrated in-house services including a Design & Graphics Department for space planning, a Construction Division for build-to-suit projects, and a dedicated Snow Team for property maintenance. The portfolio spans Andover, Bedford, Beverly, Burlington, Marlborough, Medford, Somerville, Stoneham, Sudbury, Wakefield, Wilmington, and Woburn.

Differentiator

Problem solved

Functional benefit

Brands

• Cummings Center: A 2 million-square-foot mixed-use business campus in Beverly, MA offering office, lab, retail, and R&D space at full-service lease rates.
• TradeCenter 128
• Dunham Ridge
• Executive Suites by Cummings
• Iron Butterflies
• Beverly Landing

Products and services

• Office Space
• Laboratory Space
• Flex Space
• Medical Office Space
• Retail Space
• Cummings Executive Suites
• Satellite Offices
• Film Locations
• Cummings Center
• Beverly Landing

Quantifiable outcome

• Rates at one-half to one-third of Boston and Cambridge prices
• +1 more outcomes

Named customers17 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered minor.

• Massachusetts School of LawminorStrategic or Co-development Partner · 12 November 2025Cummings Foundation and Massachusetts School of Law co-host free seminar series in Andover, Massachusetts focusing on good business practices and preventing problem employees. Series features law and management topics relevant to local business owners.
• MassBiominorGTM or Marketing PartnerMassBio membership providing connection to Massachusetts biotechnology industry and supporting life sciences tenant community at Cummings Center
• North Shore TMA (Transportation Management Association)minorOthersPartnership providing CommuteConnect program offering rewards for green commuting including emergency ride home, quarterly raffles, and commuter matching services for bike commuters

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Boston Properties: Public REIT (BXP) and the dominant Class-A office landlord in Greater Boston/Cambridge. Directly comparable as a large-scale commercial office landlord in the same metro, though more urban-focused and publicly traded versus Cummings' suburban, foundation-owned model.
• Alexandria Real Estate Equities: Public REIT specializing in life sciences and laboratory office clusters in Cambridge/Boston. Directly comparable to Cummings' lab and wet-lab offerings targeting the same biotech and life sciences tenants in the greater Boston innovation corridor.
• BioMed Realty: Life sciences-focused REIT with significant Cambridge/Boston lab and office properties. Comparable as a lab and life sciences space provider serving similar biotech and research tenants in the same geographic market.
• Nordblom Company: Private, family-owned commercial real estate firm with a multi-million SF portfolio across Greater Boston and the suburban Route 128 corridor. Directly comparable to Cummings as a privately held, suburban Boston-focused CRE landlord with a similar mix of office, lab, and retail assets.
• The Davis Companies: Private Greater Boston real estate investment, development, and management firm operating office, lab, and multifamily assets. Comparable as a diversified suburban Boston owner/operator competing for similar office and life sciences tenants.
• Leggat McCall Properties: Long-tenured Boston-based private real estate investor, developer, and manager of office, lab, and mixed-use assets in Greater Boston. Comparable as a privately held CRE operator competing for similar institutional and suburban office/lab tenants.

Regional players

• National Development: Greater Boston real estate development and investment firm focused on mixed-use and commercial projects in the suburbs and Route 128/495 corridors. Comparable as a suburban Boston developer competing for similar office, lab, and mixed-use tenants and land.

Broad incumbents

• Lincoln Property Company: National, full-service commercial real estate firm managing office, industrial, and mixed-use assets across the U.S. Comparable as a broad-competitor offering leasing, property management, and build-to-suit services for office and lab tenants in suburban Boston.

Emerging players

• Healthpeak Properties: Public REIT (DOC) with a substantial medical office and life sciences portfolio, including Boston-area outpatient and research facilities. Comparable to Cummings' medical office and lab product lines serving healthcare providers and research tenants.

Others

• CBRE Group: Global commercial real estate services firm (brokerage, property management, investment sales). Comparable as a competitor for third-party leasing, property management mandates, and institutional capital that compete with Cummings' vertically integrated in-house model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/cummingsproperties
• LinkedInlinkedin.com/company/cummings-properties
• Xx.com/cummingsdotcom
• Facebookfacebook.com/cummingsproperties

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cummings Properties