Friday, January 27, 2012 at 10:10AM
Monday, August 8, 2011 at 2:53PM PRESS RELEASE
AUGUST 2011
Acetylon Pharmaceuticals, Inc. Leases 10,000 RSF at Seaport Center, Boston, MA
Acetylon Pharmaceuticals, Inc. has leased 10,000 rentable square feet of lab and office space at Seaport Center, Boston, MA (www.seaportcenterboston.com), from The Beal Cos. and Rockpoint Group. The space is a build to suit from gutted shell and has biology and chemistry labs, two BL-2 tissue culture labs, and office.
Keith Coulter, President of McPherson Corporation/ATR Boston, represented Acetylon in the transaction. Jones Lang Lasalle represented the landlord, and Steve Faber of Beal worked on behalf of the ownership. Acetylon chose the site due to extremely attractive pricing, which was approximately 35-40% discount to Cambridge pricing for comparable space; a firm commitment to timing for delivery of the space by Beal as well as a demonstrated desire to win Acetylon’s tenancy and kick off biotech use in the building; and attractiveness of the location in recruiting and growing the company in a thriving and developing area of the city, as well as proximity to current research partners at Dana Farber Cancer Institute and Harvard Medical School. The lease announcement follows on the heels of the Vertex Pharmaceuticals lease of 1.1 million square feet at Marina Park, the largest lease ever for the Boston market, and for a biotech use.
Acetylon Pharmaceuticals Inc. (www.acetylon.com)is developing next-generation selective small molecule histone deacetylase (HDAC) inhibitors and other targeted drugs for the treatment of cancers as well as inflammatory, neurodegenerative, genetic and infectious diseases. Selective HDAC inhibitors have the potential to reduce or eliminate the substantial side effects observed with current non-selective approaches while also realizing their extraordinary potential for enhanced therapeutic benefit through higher dosing, extended administration and reduction of combination drug toxicity. Selective HDAC inhibitors also have potential for improved therapeutic benefit in autoimmune and other inflammatory disorders, neurodegenerative diseases and certain genetic and infectious diseases. Acetylon has raised over $40 million from public grants and investors, including New England Patriots owner Robert Kraft.
McPherson Corporation (www.mcphersoncorp.com) has represented tenants and buyers exclusively for over 30 years, and is a founding member of the Alliance of Tenant Representatives (ATR – www.alltenrep.com); Mr. Coulter serves on the Board of Directors for ATR.
Saturday, April 16, 2011 at 12:12PM PRESS RELEASE
APRIL 2011
New Objective, Inc. Renews 8,963 RSF at 2 Constitution Way, Woburn, MA
New Objective, Inc. has renewed their lease of 8,963 rentable square feet of lab and office space at 2 Constitution Way, Woburn, MA, from RW Murray Co.
Keith Coulter, President of McPherson Corporation/ATR Boston, represented New Objective in the transaction. Rich Green, Leasing Director of RW Murray Co. represented the landlord.
New Objective, Inc., is a Woburn MA based manufacturer of micro-scale sample preparation and delivery tools for the dynamic life science fields of liquid chromatography and mass spectrometry.
McPherson Corporation has represented tenants and buyers exclusively for over 30 years, and is a founding member of the Alliance of Tenant Representatives (ATR). Mr. Coulter serves on the Board of Directors for ATR.
Saturday, April 16, 2011 at 12:04PM PRESS RELEASE
APRIL 2011
AbPro Labs, Inc. Leases 13,500 RSF at 101 Hartwell Avenue, Lexington, MA
AbPro Labs, Inc. has leased 13,500 rentable square feet of lab and office space at 101 Hartwell Avenue, Lexington, MA, from King Street Properties. The building was recently purchased from AMB Property Corporation, gut renovated and converted to lab space. The space is a build to suit from shell and has biology labs, vivarium space, and office.
Keith Coulter, President of McPherson Corporation/ATR Boston, represented AbPro in the transaction. Steve Lynch, Partner of King Street Properties represented the landlord. AbPro chose the site due to attractive pricing, a firm commitment to timing for delivery of the space by King Street, which included full support of the Town of Lexington at an early stage in negotiations regarding permitting and use, and the attractiveness of the location in recruiting and growing the company.
Abpro is a biotechnology firm moving from Cambridge, MA. The Company has streamlined all the major steps to produce recombinant proteins and antibodies in a faster and more affordable format, while retaining superior quality. They have significant capabilities for generating custom hybridomas. This is complemented by high-throughput protein expression platform which can produce recombinant proteins quickly with high quality. Abpro currently sells to leading life sciences researchers worldwide.
McPherson Corporation has represented tenants and buyers exclusively for over 30 years, and is a founding member of the Alliance of Tenant Representatives (ATR); Mr. Coulter serves on the Board of Directors for ATR.
Saturday, April 16, 2011 at 11:54AM PRESS RELEASE
March 2011
AKIN GUMP EXTENDS LEASE FOR 294,000 SF
Washington, DC - Boston Properties, one of the largest landlords in North America, which represented
itself, and the international law firm of Akin Gump Strauss Hauer & Feld, represented by Eric C. Berson,
Esq. of Washington Realty Group, Inc. (WRG), concluded a headquarters lease extension through
August 31, 2020, for 294,000 square feet at 1333 New Hampshire Ave, NW, Washington, DC.
Mr. Berson is the Chairman of Washington Realty Group, Inc., and is the Chairman of the Alliance of
Tenant Representatives (ATR). WRG was established on January 13, 1977, and is the oldest and most
venerable company in Washington, DC engaging exclusively in tenant representation.
For more information, please contact:
Eric C. Berson, Esq.
Washington Realty Group, Inc.
153 Second Street
Los Altos, CA 94022
Telephone: 650-469-0800
eberson@wrginc.com
www.wrginc.com