Somerville, MA – The development venture of DLJ Real Estate Capital Partners (DLJ), Leggat McCall Properties (LMP) and Deutsche Finance America (DFA) joined the City of Somerville and Flagship Pioneering companies to cut the opening ribbon on 101 South Street, the first purpose-built Class-A lab building in Somerville as part of the Boynton Yards 1.8 million square foot, mixed-use life sciences and cultural community.
The first of four master planned life sciences buildings, 101 South Street offers best-in-class, high-efficiency infrastructure where companies can imagine and grow. The nine-story, 289,000 square-foot building offers state-of-the-art R&D lab/office space, a fitness center, bike amenities, four levels of below-grade parking, and on-site retail offerings. A ground floor conference center along with Arts and Creative Enterprise space (ACE) within the building and centered in the “Hive” at 561 Windsor Street are available for use by tenants and the Somerville Community. Coming this summer, Firefly and Portico Brewery will open serving food and beverages.
The building was pre-leased prior to completion to Flagship Pioneering, a bioplatform innovation company headquartered in Cambridge, to meet critical growth needs for its companies Tessera Therapeutics, Laronde, Cellarity, and Generate Biomedicines. These tenants occupy 280,000 square feet on eight floors.
Read the full article at The Boston Real Estate Times →