Reiter and Winters of Cushman & Wakefield broker 49,898 s/f lease
According to Cushman & Wakefield, H3 Biomedicine, a new company owned by Eisai has leased 49,898 s/f at 300 Technology Sq. in Alexandria's Technology Sq. Cushman & Wakefield's director Juliette Reiter and executive director Mark Winters represented both the landlord, an affiliate of Alexandria Real Estate Equities, Inc., and the tenant.
Alexandria's Technology Sq. features seven laboratory and office buildings totaling 1.2 million s/f. Technology Sq. is a collaborative campus setting with a tree-lined courtyard and convenient on-site amenities. 300 Technology Sq. was built in 2001 and offers tenants more than 175,000 s/f of office and laboratory space. Catalyst, a new conference center and restaurant located on the first floor, is scheduled to open this summer as well.
H3 Biomedicine is a new biotechnology company focused on the discovery of innovative new drugs to fight cancer. Utilizing exciting new knowledge coming from cancer genome sequencing efforts and employing a unique business model, H3 Biomedicine aspires to forge a new path toward cancer drug discovery. H3 Biomedicine is actively recruiting the balance of its scientific team, which will be located in Cambridge.
"We are confident that H3 Biomedicine is going to produce some very exciting science," said Reiter. "Alexandria's Technology Sq. is a great fit for this new venture as the campus setting will allow them to take full advantage of the science-driven clustering in Kendall Sq."
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.