Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOSTON-Two biotech companies looking for space in the area’s tight lab market found it in Alexandria Properties’ portfolio. MytoGen Inc. and Idera Pharmaceuticals each signed lease deals for lab and office space, gaining locations at a time when lab vacancy rates have dropped below 10% in Cambridge and Boston.

MytoGen, a privately held biotech company involved in the development of cell-therapy products, took 24,940 sf at 79 – 96 Thirteenth St. in the Charlestown Navy Yard under a deal that significantly expands its presence at that location. The company previously subleased space in the facility.

Idera Pharmaceuticals, which develops therapeutics that modulate immune responses, took 26,589 sf at 167 Sydney St. in Cambridge. The deal gives the biotech firm a more efficient floor plan in a newly renovated and upgraded property.

Terms of both leases were not disclosed and phone calls soliciting additional information were not returned by GlobeSt.com’s deadline.

The transactions were handled for the landlord by Cushman & Wakefield’s Juliette Reiter, Mark Winters and David Townsend. The C&W team also represented both tenants. Joe Flaherty and Tucker Hansen, with Meredith & Grew assisted the landlord in the Idera transaction.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.