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Biogen to Relocate Headquarters to New Development by MIT and BioMed

Biogen Inc. plans to move its headquarters into a 16-story Kendall Square tower to be developed by MIT and BioMed Realty, the Boston Business Journal reported. The 15-year lease is for 580,000 square feet.

The company will occupy the entirety of the first building that will go up in MIT’s Kendall Common, a 10-acre mixed-use development that the university’s real estate arm is set to build on what was the Volpe transportation complex. The relocation would consolidate the biotech giant’s once-sprawling operations in the neighborhood.

The move is expected to take place in 2028, after the construction of 75 Broadway is complete. The Business Journal first reported in December that MIT and Biogen were in advanced negotiations on a lease. The involvement of BioMed, a Blackstone affiliate, was revealed Monday. The lab developer is joining with MIT on 75 Broadway, but not on other aspects of Kendall Common, which ultimately will encompass eight buildings.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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