News: Front Section
Posted: October 7, 2009
Varholak, Friedman and Nugent of Richards Barry Joyce arrange 22,500 s/f lease
Richards Barry Joyce & Partners, LLC (RBJ), a full-service commercial real estate advisory firm, represented BG Medicine, Inc. in a 21,550 s/f lease renewal at 610 Lincoln St. North.
BG Medicine occupies space on two floors of the three-story building. Located in the Hobbs Brook Park, the property acts as the company's corporate headquarters and provides both office and laboratory space. BG Medicine is a life sciences company focused on the discovery, development and commercialization of novel molecular diagnostics based on biomarkers to improve patient outcomes and contain healthcare costs.
Jonathan Varholak, Ron Friedman and Jay Nugent represented BG Medicine in the lease. The building's landlord, FM Global, was represented by Chip Batchelder of Wyman Street Advisors.
128 West Market Statistics: According to research by RBJ, the laboratory market in Greater Boston's suburbs consists of 4,421,000 square feet of space, which was 10.4% vacant as of the quarter ended June 30, 2009. [source: Richards Barry Joyce & Partners' "officeSTATus - Summer 2009"]
About BG Medicine, Inc.
BG Medicine is a life sciences company focused on the discovery, development and commercialization of novel diagnostics based on biomarkers to improve patient outcomes and contain healthcare costs. BG Medicine's proprietary technology platform enables rapid and cost-effective discovery of new high-value diagnostics biomarkers over a broad range of therapeutic areas. More information regarding BG Medicine is available on the company's web site at http://www.bg-medicine.com
About Richards Barry Joyce & Partners, LLC
Richards Barry Joyce & Partners is a full service commercial real estate firm providing creative solutions for its client partners. The company's focused team approach offers clients a competitive advantage in solving their local, national, and international real estate challenges. Richards Barry Joyce & Partners' unique platform offers a full range of real estate advisory services including market analysis, investment sales, financial analysis, corporate services, portfolio review, and consulting services. For more information, please visit our website at www.rbjrealestate.com
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