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King Street’s Allston Labworks Signs First Biotech Tenant

King Street Properties has secured the first biotech tenant for Allston Labworks, its Allston mixed-use development. The Boston Business Journal reported Thursday that Terrestrial Bio, which recently rebranded from Vaxess Technologies, has signed a lease for 42,000 square feet at 250 Western Ave.

The biotech will be relocating its headquarters from Woburn to Boston’s Allston neighborhood, where it will occupy lab, office and manufacturing space. King Street will complete a custom-built GMP facility for Terrestrial at Allston Labworks. Terrestrial also plans to continue operating its Woburn manufacturing facility, reported the Business Journal.

King Street had already secured five leases at the three-building Allston Labworks for over more than square feet of space in the past year. These include three retail tenants, as well as Alchemy Station, a women-owned art consulting firm and creative studio; and BioBuilder, a nonprofit that offers life sciences educational programming. 

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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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