Search
 

Boston Properties Nears 56,000-SF Office Deal

LEXINGTON, MA-AMAG Pharmaceuticals of Cambridge aims to fully lease 100 Hayden Ave., a class A building near Route 128.

By Joe Clements | Updated on February 25, 2008

LEXINGTON, MA-This Route 128 Central hotspot is on the verge of luring another thriving life sciences company out of pricey Cambridge, as AMAG Pharmaceuticals has tentatively agreed to take all of 100 Hayden Ave. The 56,000-sf class A office building is owned by Boston Properties.

“We do have an understanding with AMAG Pharmaceuticals for that building,” confirms Boston Properties VP Stacey Baker. While stressing that a deal has not been signed, Baker concurs that AMAG is concentrating its energies on 100 Hayden Ave., one of 10 Boston Properties assets in Lexington, including three on Hayden Ave. Built in 1985, 100 Hayden Ave. has attracted several top tenants over the years, notes Baker, including Harvard Pilgrim Healthcare, Raytheon and, most recently,VistaPrint, a high-flying digital technology company that expanded to another Lexington complex and is now seeking even more space in the region.

“We’re very excited,” Baker says about the prospect of AMAG Pharmaceuticals joining the esteemed list of 100 Hayden Ave. tenants. Founded in 1981 by an MIT professor, the erstwhile Advanced Magnetics has slipped recently, but new products have enabled the firm’s stock price on Nasdaq to soar from $11 to more than $45 per share since 2005. “They are a real success story for Massachusetts,” says one broker familiar with the firm. AMAG has offices at 61 Mooney St. and 125 CambridgePark Dr., both in the city’s Alewife submarket.

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?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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

Copyright © 2024 ALM Global, LLC. All Rights Reserved.