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Alexandria Pre-Leases 431K-SF at Cambridge Urban Life Science, Tech Campus
Alexandria Real Estate Equities, Inc. has pre-leased the entire 100 Binney Street, a ground-up development project in Cambridge, MA consisting of 431,000 rentable square feet of state-of-the-art office/laboratory space, in advance of its Q4 17 delivery. The Pasadena, CA-based REIT executed leases aggregating 175,000 square feet, or 41% of the project, including a three-floor lease for 130,000 square feet with Facebook.
Other tenants at 100 Binney Street include Bristol-Myers Squibb Company, with 208,000 square feet, and four high-quality, venture-backed entrepreneurial life science companies, with an aggregate of 90,000 square feet including Foghorn Therapeutics, Sigilon Therapeutics, Tango Therapeutics and TCR2 Therapeutics.
Alexandria’s Joel S. Marcus says, “Robust demand for Class A office/laboratory space on Alexandria’s flagship campuses in Cambridge, in part, continues to drive our strong internal growth.”
For comments, questions or concerns, please contact Dennis Kaiser
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