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
MORE FROM Front Section
Quick Hits
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein
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.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary