JP Plunkett with Cushman & Wakefield's Boston office tells GlobeSt.com that the firm will move into the 60,000-sf property this summer under a long-term lease of both laboratory and office space. The firm previously operated out of approximately 2,500 sf of shared office suite space.
"Being one of the few lab type companies south of Boston makes them a big fish," Plunkett says, noting that the location also offered class A office and lab space at rents far cheaper than in other areas closer to Boston. "This building combined the best of sensible economics and high end curb appeal." Terms of the lease were not disclosed.
Plunkett and colleagues Cathy Minnerly and Julliette Reiter handled the transaction for the tenant. The property's owner, Boston-based Parallel Partners, was represented by Steve Clancy and Jim Nicoletti with CB Richard Ellis' Boston office.
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