August, 2021 Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale Realty Co., Newton, Mass. is pleased to announce the completion of a corporate assignment with Miele, Inc. as its tenant representative. Miele has leased approximately 6,163 square feet of office/innovation space at Two Corporation Way, Peabody, MA. The site search started from February, 2021 and a lease was signed August, 2021. Miele’s corporate headquarters is located in Princeton, NJ. Miele is a German manufacturer of high-end domestic appliances and commercial equipment, headquartered in Gütersloh, North Rhine-Westphalia. The company was founded in 1899 by Carl Miele and Reinhard Zinkann, and it has always been a family-owned and family-run company. Miele is the world’s leading manufacturer of high-end appliances for domestic and commercial use, including cooking, baking and steam-cooking appliances, refrigeration products, coffee makers, dishwashers; and laundry and floor care products. Throughout the world, the family-run enterprise, now in its fourth generation, employs a workforce of 21,000 and generated revenues exceeding $5.3 billion in 2020.Miele received numerous design and innovation awards for its products and routinely ranks among the top recognized brands in Europe. In North America, Miele is marketed as a high-end major appliance brand and competes against brands such as Küppersbusch, Sub-Zero, Wolf & Cove, Gaggenau, Fagor, Viking Range, Dacor, Asko, JennAir, and Thermador.Miele is establishing a new Emerging Technologies Lab (ETL) at Two Corporate Way to provide a creative and collaborative environment for applied research and proof-of-concept studies with startups and other innovative research partners in the U.S. This innovation lab seeks to extend research collaborations with external partners in a wide range of cutting edge technologies, including but not limited to robotics, artificial intelligence, sensors, food/health tech, energy & sustainability, HMI and cyber security. Serving as the interface between Miele’s R&D units and the highly dynamic, innovative startups community, the ETL works like a startup, with startups, while enjoying the resources and stability of a large, successful enterprise. Auburndale Realty Co. exclusively represented the Tenant.