{"id":1004111758,"date":"2015-01-23T07:27:57","date_gmt":"2015-01-23T15:27:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004111758"},"modified":"2022-12-07T20:02:27","modified_gmt":"2022-12-08T04:02:27","slug":"transwesternrbj-helps-create-largest-biotech-campus-in-boston-suburb","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/transwesternrbj-helps-create-largest-biotech-campus-in-boston-suburb\/","title":{"rendered":"Transwestern\/RBJ Helps Create Largest Biotech Campus in Boston Suburb"},"content":{"rendered":"<p><i>By Keith Loria, Contributing Editor<a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/Ledgemont.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004111760\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/transwesternrbj-helps-create-largest-biotech-campus-in-boston-suburb\/ledgemont\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/Ledgemont.jpg\" data-orig-size=\"1920,960\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Ledgemont\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/Ledgemont.jpg?w=1024\" class=\"alignright size-medium wp-image-1004111760\" alt=\"Ledgemont\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/Ledgemont.jpg\" width=\"300\" height=\"150\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/Ledgemont.jpg 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/Ledgemont.jpg?resize=300,150 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/Ledgemont.jpg?resize=768,384 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/Ledgemont.jpg?resize=1024,512 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/Ledgemont.jpg?resize=1536,768 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/i><\/p>\n<p>Transwestern | RBJ has brokered a 202,492-square-foot lease for Shire at Two Ledgemont Center in Lexington, Mass., with the building\u2019s owner, an affiliate of Hobbs Brook Management L.L.C.<\/p>\n<p>Under terms of the lease, the biopharmaceutical company will lease the entire five-floor building at 95 Hayden Ave., creating the largest suburban biotech campus in Greater Boston.<\/p>\n<p>\u201cThe location made this an extension of the campus, so between the location and the open layout, it made it a very attractive solution for Shire\u2019s rapid growth,\u201d Brian Cohen, Transwestern | RBJ\u2019s, senior vice president, told <i>Commercial Property Executive<\/i>.<\/p>\n<p>Two Ledgemont Center is adjacent to Shire\u2019s existing campus, which consists of more than 650,000 square feet of office and laboratory space at Lexington Technology Park. In total, Shire will occupy approximately 900,000 square feet in eight buildings in Lexington.<\/p>\n<p>Lexington is located in the Route 128 West submarket. According to research by Transwestern | RBJ, that submarket consisted of 22.3 million square feet of office space with 10.5 percent vacancy at the close of fourth-quarter 2014.<\/p>\n<p>Transwestern \u2502 RBJ also negotiated interim office space for the company at 235 Wyman St. Lexington is located in the Route 128 West submarket, which consisted of 22.3 million square feet of office space with 10.5 percent vacancy at the close of fourth-quarter 2014, according to research by Transwestern | RBJ.<\/p>\n<p>\u201cIt\u2019s a hotbed for technology companies with some of the biggest in Boston concentrated along Route 128,\u201d Cohen added. \u201cThere\u2019s very limited large-block availability so for a requirement of this magnitude, the options were limited.\u201d<\/p>\n<p>This is not the first time Transwestern \u2502 RBJ has counseled Shire on a lease. Over the past eight years, it has advised the company on numerous commercial real estate transactions, including the lease-up and 2010 purchase of Lexington Technology Park.<\/p>\n<p>\u201cWe helped them through the transition of being a Cambridge-based company to a company that now has\u2014at least in this Boston area\u2014centered in this Lexington submarket,\u201d Cohen concluded. \u201cWe helped them lease up this campus and ultimately buy it in 2010, and it\u2019s been a strong relationship.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Transwestern | RBJ has brokered a 202,492-square-foot lease at Two Ledgemont Center in Lexington, Mass., on behalf of a biopharmaceutical company looking to expand.<\/p>\n","protected":false},"author":451,"featured_media":1004111760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,11,21742,10,21747],"tags":[],"class_list":["post-1004111758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-midatlantic","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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