Worcester Business Journal

wbjournal.com | October 6, 2025 | Worcester Business Journal 5 Commonwealth Fusion's HQ sold for $74M e Devens headquarters of Com- monwealth Fusion Systems has been sold for $74 million by a Boston-based real estate investment firm to two in- vestment groups. Pivotal Manufacturing Partners, a real estate investment platform focused on advanced manufacturing assets, and Declaration Partners, an investment firm founded by David Rubenstein, a private equity investor and princi- pal owner of the Baltimore Orioles, purchased the property on Sept. 23, according to Worcester District Registry of Deeds records. Commonwealth Fusion Systems will remain at the site under a long-term lease agreement, according to a press release from Pivotal and Declaration on Sept. 24. Terms of the lease were not disclosed. e property was sold by King Street Properties, the Boston-based private real estate management firm which has been involved in developing Devens into an advanced manufacturing and life science hub, despite headwinds in the later industry. Developed in 2022, the site located at 117 Hospital Road in Devens is home to CFS' headquarters and critical magnet manufacturing site. e 116,000-square- foot building is key to the company's plan of commercializing the long- sought source of clean energy, which proponents hope will someday replace fossil fuels and other traditional energy sources. e sale only includes the headquar- ters and manufacturing building. e rest of the 47-acre site, including the building holding the firm's SPARC toka- mak machine, is under CFS ownership. Goldman Sachs provided a five-year, $52.8-million loan for the purchase, with Chicago-based Cushman & Wake- field arranging the financing, according to a Cushman & Wakefield press release on Sept. 25. John Alascio, Alan Blank, Alex Lapidus, Rob Borden, and Heather Brown of Cushman & Wakefield repre- sented the borrowers in the deal. "We are proud to acquire this state- of-the-art facility with support from our partners at Declaration and invest behind the transformative work under- way at CFS," David Robbins, managing partner of Pivotal, said in the press release. stability Service & To learn more, contact Christina M. Andreoli SVP, Private Banking NMLS #1756242 508.340.3140 candreoli@berkshirebank.com Congratulations to Christina Andreoli for being chosen as a recipient of the 2025 Outstanding Women In Business Awards For 175+ years Berkshire Bank has been the trusted advisor our clients depend upon. We help innovate businesses, create jobs, grow wealth, and improve the overall quality of life for the people and places you care about most. We believe Where You Bank Matters because with us, your dollar does a lot more for you, your business and your community. Banking products are provided by Berkshire Bank: Member FDIC. Equal Housing Lender. Berkshire Bank is a Massachusetts chartered bank. Berkshire Bank, a Division of Beacon Bank & Trust Institution NMLS Registry Number — 715671. Berkshire Bank is not an agency of the federal government. Programs, rates, terms and conditions are current, but are subject to change and may expire without notice. Other restrictions may apply. All applications must be submitted in writing.This advertisement is not a loan disclosure and all disclosures provided after applying should be reviewed carefully. This is not a commitment to provide a loan approval or a specific interest rate. Private Banking is the marketing name for an offering of Berkshire Bank deposit and loan products and services. Investment products are NOT FDIC-INSURED, are NOT A BANK DEPOSIT, NOT GUARANTEED BY THE BANK, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY and MAY LOSE VALUE. Rev. 9/25 508.459.8000 | FletcherTilton.com WORCESTER | BOSTON | FRAMINGHAM | CAPE COD | PROVIDENCE Women Leading the Way Fletcher Tilton is proud to recognize the talent, commitment, and vision of our 16 distinguished women attorneys. Their leadership not only advances the practice of law but also paves the way for the next generation of legal professionals. W

• Cover