BioMed Expands Space for Bristol-Myers Squibb Lease at Woodside

REDWOOD CITY, CA—BioMedRealty Trust, Inc. says that Bristol-Myers Squibb (NYSE: BMY) has signed a ten-year lease for approximately 61,000 square feet of additional laboratory and office space at the company’s Woodside Technology Park life science campus in Redwood City. The Redwood City campus will serve as Bristol-Myers Squibb’s hub for discovering pioneering cancer therapies in the emerging field of immunotherapy.

With this lease, Bristol-Myers Squibb will fully occupy two of the three buildings at the campus totaling 194,100 square feet as the company continues to further strengthen its presence in the Bay Area, and will provide additional capacity to conduct biologics drug discovery research at Woodside Technology Park.  Currently, Bristol-Myers Squibb is leasing the entire 700 Bay Road building on the campus comprising approximately 133,100 square feet. In addition to expanding Bristol-Myers’ footprint at Woodside Technology Park, the companies agreed to extend the term of the lease on the 700 Bay Road building, previously expiring in December 2022, by an additional 30 months.