{"id":1004160046,"date":"2016-11-24T00:18:08","date_gmt":"2016-11-24T08:18:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004160046"},"modified":"2022-12-08T21:07:01","modified_gmt":"2022-12-09T05:07:01","slug":"biomed-lands-new-tenant-in-bostons-kendall-square","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/biomed-lands-new-tenant-in-bostons-kendall-square\/","title":{"rendered":"BioMed Lands New Tenant in Boston&#8217;s Kendall Square"},"content":{"rendered":"<p><em>By Veronica Grecu<\/em><\/p>\n<div id=\"attachment_1004160047\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/500KendallStreet.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004160047\" data-attachment-id=\"1004160047\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/biomed-lands-new-tenant-in-bostons-kendall-square\/500kendallstreet\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/500KendallStreet.jpg\" data-orig-size=\"326,218\" 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;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"500KendallStreet\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/500KendallStreet.jpg?w=326\" class=\"wp-image-1004160047 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/500KendallStreet.jpg\" alt=\"500 Kendall St., Boston\" width=\"300\" height=\"201\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/500KendallStreet.jpg 326w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/500KendallStreet.jpg?resize=300,201 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004160047\" class=\"wp-caption-text\">500 Kendall St., Boston<\/p><\/div>\n<p><strong>Boston<\/strong>\u2014A biotechnology company and subsidiary of Dublin-based Shire Plc is expanding its footprint in Boston with a 12-year lease in the heart of Kendall Square.<\/p>\n<p>Shire Human Genetic Therapies recently signed a 12-year lease agreement with BioMed Realty for 343,000 square feet of office space at 500 Kendall St. in Cambridge.<\/p>\n<p>&#8220;We&#8217;re extremely pleased that Shire is expanding its Cambridge presence with us as a continued real estate partner,&#8221; said Tim Schoen, CEO &amp;\u00a0president of BioMed Realty, in prepared remarks. &#8220;500 Kendall Street is one of our most well-known buildings, with its unmatched location in the heart of Kendall Square, providing the ideal space and location for a leading global company like Shire to continue its growth.&#8221;<\/p>\n<p>The new lease is an expansion of Shire\u2019s existing presence at BioMed Realty\u2019s 650 E. Kendall St.\u2014where the biotech company occupies roughly\u00a0206,000 square feet of space\u2014and will support the company\u2019s longer-term growth plans in the area. Shire is set to move into the new space in early 2019, once Genzyme\u2019s current lease expires.<\/p>\n<p>Ideally situated near the Massachusetts Institute of Technology (MIT) and in the heart of Cambridge\u2019s thriving life science community, the 12-story, 349,325-square-foot building was developed in 2002 as the corporate headquarters of Genzyme Corp. The environmentally advanced building was recognized as a Platinum Rated LEED (Leadership in Energy and Environmental Design) Compliant Building, the highest rating possible for Green Buildings. The building is owned by BioMed Realty, which owns and operates approximately 2.6 million of rentable square feet of office and lab space in Cambridge.<\/p>\n<p>The new lease and the space it already occupies at 650 E. Kendall St. will enable Shire to create a cross-disciplinary campus with departments spanning research, clinical development, medical affairs, business development and other related functions.<\/p>\n<p><em>Image courtesy of BioMed Realty<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shire Human Genetic Therapies will occupy 343,000 square feet at the former Genzyme Center in Cambridge, Mass.<\/p>\n","protected":false},"author":192,"featured_media":1004160047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21784,21754,21742,10,21747],"tags":[32854,32844],"class_list":["post-1004160046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-brokerage","category-medical-office","category-latest","category-northeast","category-office","tag-biomed-realty","tag-kendall-square"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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