Sub Markets

Property Sectors

Topics

Boston & New England CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Boston & New England  + Metro Boston  + Healthcare  | 

BioMed Signs Medical Tech Tenant to Nearly 500K SF in Somerville

BioMed Realty and medical technology company TransMedics Group, Inc. announced Monday that TransMedics had signed a full building, 498,000-square-foot lease at Assembly Innovation Park in Somerville, MA. The recently constructed 12-story commercial research and development facility will serve as TransMedics’ new global headquarters and manufacturing hub.

The Boston Business Journal reported that the lease is among the largest signed for commercial office and lab space in the Boston area in the past year. In addition to leasing 100% of the newly developed building for 16 years, TransMedics acquired the adjacent land parcel and portion of the parking structure within the campus to support future growth.

“We selected our new headquarters to support the full scale and complexity of our mission,” said Waleed Hassanein, M.D., President and CEO of TransMedics. “Our innovation will accelerate and thrive in this world-class facility that BioMed Realty built.”

Connect

Inside The Story

BioMed Realty

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).

  • ◦Lease
New call-to-action