Cassidy Turley Touts Role in 244,123 SF HQ Lease for ARIAD Pharmaceuticals
Cassidy Turley reported Friday that it represented ARIAD Pharmaceuticals, Inc. in its 244,123-square-foot lease at 75/125 Binney Street, which is one of four buildings under development within the Alexandria Center complex.
The company will relocate from its current 100,361-square-foot office at 26 Landsdowne Street and 64 Sidney Street in Cambridge. The new Kendall Square facility is expected to be completed in 2015.
citybiz real estate previously reported on this transaction.
Managing Principal Joseph Fallon and Senior Managing Director, Principal Ted Lyon of Cassidy Turley represented ARIAD in the transaction. Alexandria Real Estate Equities, the landlord and developer of the park, was represented by CB Richard Ellis in the lease negotiation.
Alexandria Center at Kendall Square will ultimately become an 11-acre science park featuring four ground-up first-in-class life science developments, aggregating approximately 1.7 million-square-feet of high-quality laboratory and office space, as well as new residential developments totaling approximately 200,000-square-feet.
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