Home > Press Releases > RBJ Brokers Two Leases At 325 Vassar Street In Cambridge, Mass.

RBJ Brokers Two Leases At 325 Vassar Street In Cambridge, Mass.

November 1, 2011 Leave a comment Go to comments

Leases With BIND Biosciences, Inc. And Sun Catalytix Corporation Bring BioMed Realty Trust’s Building To Full Occupancy

BOSTON – October 7, 2011 – Richards Barry Joyce & Partners, LLC (RBJ&P), a full-service commercial real estate advisory firm, announced today that it brokered two leases at 325 Vassar Street in Cambridge, Mass. on behalf of the building’s owner, BioMed Realty Trust, Inc.  The leases bring the building to 100% occupancy.

The tenants in the leases are BIND Biosciences, Inc. and Sun Catalytix Corporation.  Richards Barry Joyce & Partners’ Steven Purpura represented BioMed Realty Trust in both transactions.

Details of the two leases include:

BIND Biosciences signed a new lease for 32,800 square feet of laboratory and office space on the building’s first and second floors.  The company was represented in the transaction by Jon Varholak and Eric Smith of Richards Barry Joyce & Partners.

Sun Catalytix leased 9,665 square feet of laboratory and office space on the building’s first floor.  Sun Catalytix, which is relocating from less than 2,000 square feet at 200 Tech Square in Cambridge, was represented by Jon Varholak and Eric Smith of Richards Barry Joyce & Partners.

325 Vassar Street was redeveloped by BioMed Realty Trust into a Universal Flex Lab™ building.  The Universal Flex Lab concept was designed to meet the needs of companies that require a high level of flexibility, such as those anticipating growth or those with dynamic requirements.  Laboratory space, offices and meeting rooms can be installed and reconfigured quickly to maximize productivity and space utilization.  Universal Flex Lab space reduces tenant costs because users can customize their space without excessive construction expenses.

Laboratory Market Statistics – Cambridge
According to research by RBJ&P, the Cambridge submarket consists of 8,260,000 square feet of laboratory space and was 16.2% vacant, as of the quarter ended September 30, 2011.  

About Richards Barry Joyce & Partners, LLC
Richards Barry Joyce & Partners is a full service commercial real estate firm providing creative solutions for its client partners. The company’s focused team approach offers clients a competitive advantage in solving their local, national, and international real estate challenges. Richards Barry Joyce & Partners’ unique platform offers a full range of real estate advisory services including market analysis, capital markets solutions, financial analysis, corporate services, portfolio review, and consulting services.  For more information, please visit our website at www.rbjrealestate.com.

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