CAMBRIDGE, MA-Metabolix, Inc. signed a 10-year lease for 28,000 sf at 21 Erie St. The privately held biotechnology company is relocating its corporate headquarters and research and development facility from 303 Third St. and will use the location for expanded laboratory and office space.Steven M. Purpura, partner of Richards Barry Joyce & Partners, represented Metabolix in the transaction while Greg Lucas of CBRE/Lynch Murphy Walsh Advisors represented property owner, Lyme Properties.Jim Barber, president and CEO of Metabolix notes that having the “proper laboratory and office space is a vital consideration for our company’s success, and will enable us to expand and accelerate our commercialization work.” Purpura points out that the building is a good fit for Metabolix due to its location, the fact that it offers existing laboratory space and a property owner with a history of working with growing biotech tenants.Lease rates for this deal were not available but the average asking rent for office space in the area is about $29 per sf. Lab space goes for an average of about $36 per sf.

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