X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CAMBRIDGE, MA-VivaSource Laboratories, Inc., a contract research organization, has taken a five-year lease on two Cambridgeport buildings in a deal that allows the firm to consolidate its Cambridge and Watertown offices into a total of 12,604 sf .

Tucker Hansen, with Meredith & Grew’s Boston office, tells GlobeSt.com that the company, which moved into 320 Putnam Ave. and 359 Allston St. earlier this month, selected the adjoining lab buildings because both offered nicely laid out space near the firm’s former offices.

“The existing layout and the existing build-out really suited their needs,” Hansen says. Both buildings are located within proximity to the Massachusetts Institute of Technology, Harvard University and other biotech industry leaders and are accessible from the Massachusetts Turnpike.

Terms of the lease were not disclosed but Hansen says similar lab space in the Cambridgeport area generally leases in the mid-$20 per sf triple net range. Hansen along with Joseph Flaherty, also with Meredith & Grew, brokered the transaction between the tenant and the landlord, Hansa Realty Trust and the Myopia Trust.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.