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Oncology Pharma Firm Lands New R&D HQ

CAMBRIDGE, MA-Alexandria Real Estate brings in anchor tenant for one of four buildings in the upcoming Alexandria Center at Kendall Square.

By Rayna Katz | Updated on January 07, 2013

CAMBRIDGE, MA-Alexandria Real Estate Equities Inc. announced Monday that oncology company ARIAD Pharmaceuticals Inc. has signed a lease for approximately 244,000 square feet for new research and development headquarters at the Alexandria Center at Kendall Square here. ARIAD agreed to a 15-year lease to take up 63% of 75/125 Binney St.—an approximately 386,000-square-foot life science facility—with additional potential expansion opportunities through June 30, 2014. The building is under construction, and is expected to open in early 2015.

Alexandria Real Estate, an investment-grade REIT, owns approximately 3.4 million square feet of laboratory/office space in Graeter Boston The company serves about 100 life science tenants in the area.

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