Oxford Properties Secures 113K-SF of Life Science Leases in Boston
Global investor, asset manager and developer Oxford Properties Group has secured a total of 113,000 square feet of new life science leases at 645 Summer Street, a lab and innovation building at Pappas Way in Boston. The property is now fully leased.
Lease transactions include a renewal and expansion for a 75,000-square-foot, 10-year lease with Akouos, a genetic medicine company as well as a 21,000-square-foot, five-year lease with Ikena Oncology, a biotech company. Additionally, Oxford secured a 17,000-square-foot, five-year lease with Monte Rosa Therapeutics, a biotech company developing cancer therapeutics that modulate protein degradation pathways.
Carolyn Wheatley, Meredith Christensen and Jeff Landers of CBRE represented Oxford Properties Group in the lease transactions. Connor Barnes, Deanne Munger and Sharon Joyce of Cushman & Wakefield represented Akouos.
“Akouos has been a part of the dynamic life sciences ecosystem in Boston since our founding in 2016. In collaboration with Oxford at 645 Summer Street, we continue to expand our research and manufacturing infrastructure to support the development of genetic medicines with the potential to address a broad range of inner ear conditions,” said Manny Simons, founder, president and CEO at Akouos.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.