A new office and laboratory incubator for emerging biotechnology and life science companies has just opened in Newton’s Charles River Mill District.

LabShares Newton is a fully equipped incubator for early-stage research companies seeking a collaborative, cost-effective, and entrepreneurial working environment. The fully permitted, professionally maintained lab is already operating near capacity and is embarking on an expansion plan to double its space by early 2019.

“We’re encouraged by the high demand for LabShares Newton and, and we’re already planning to grow,” said Jeff Behrens, manager of LabShares Newton. “The light-filled, affordable lab space is located right near the Charles River and just minutes from Cambridge and Boston. By early next year we will double our footprint allowing us to house up to 50 scientists. We’re excited to be a part of the biotech ecosystem contributing to the groundbreaking science and innovation coming out of the Massachusetts.”

Located at 90 Bridge Street on the Newton-Watertown line, LabShares provides turnkey access to cutting-edge lab instrumentation and equipment so members can immediately start scientific experiments.

Basic administrative support, shipping and receiving, access to conference rooms, a fully-stocked kitchen and other office park amenities including a fitness center with showers, indoor bike storage, a café and free parking are all included in a single monthly fee.

LabShares is a member of the Newton-Needham Regional Chamber. For more information or to arrange a tour contact Jenna Stein at jenna@labshares.com or 857-222-5817.