Home > Press Releases > RBJ Represents Dana-Farber Cancer Institute In New Lease At Longwood Center

RBJ Represents Dana-Farber Cancer Institute In New Lease At Longwood Center

154,100 SF Lease At 360 Longwood Avenue Will Enable Dana-Farber To Consolidate And Expand Its Research Space And Prepare For Future Growth

BOSTON – June 26, 2012 – Richards Barry Joyce & Partners, LLC (RBJ&P), a full-service commercial real estate advisory firm, announced today that it advised the world renowned Dana-Farber Cancer Institute in its new 154,100 square foot lease at Longwood Center.

The leasing agreement places Dana-Farber as the anchor tenant of the proposed 11-story building, which will be located at 360 Longwood Avenue (at the intersection of Longwood and Brookline Avenues).  Construction of the building has begun and Dana-Farber anticipates a 2014 move-in date.

“We are excited about our planned location at Longwood Center,” said Maria Papola, vice president of facilities management and real estate for Dana-Farber Cancer Institute.  “By allowing Dana-Farber to consolidate and expand its research space, the new building will help boost collaboration and efficiencies.  As with any project of this scale, this is a complex endeavor and we appreciate the efforts of the various parties involved, including the developers, the City of Boston and RBJ.”

The new location will be designed to allow Dana-Farber to expand its translational research programs and initiatives, which are focused, in part, on accelerating the pace that laboratory discoveries are converted into clinical uses.  Longwood Center is owned by a joint venture comprised of Alexandria Real Estate Equities, Inc., Charles River Realty Investors, Clarion Partners and National Development.

Robert Richards, president, and Chris McCauley, senior vice president, of Richards Barry Joyce & Partners represented Dana-Farber in the lease.  The building developers were represented internally.

About the Market:  Boston Laboratory
According to research by RBJ&P, the Boston laboratory market consists of 3,081,000 square feet of laboratory space and was 1.3 percent vacant, as of the quarter ended March 31, 2012 .

About Dana-Farber Cancer Institute
Dana-Farber Cancer Institute (www.dana-farber.org) is a principal teaching affiliate of the Harvard Medical School and is among the leading cancer research and care centers in the United States. It is a founding member of the Dana-Farber/Harvard Cancer Center (DF/HCC), designated a comprehensive cancer center by the National Cancer Institute. It provides adult cancer care with Brigham and Women’s Hospital as Dana-Farber/Brigham and Women’s Cancer Center and it provides pediatric care with Children’s Hospital Boston as Dana-Farber/Children’s Hospital Cancer Center. Dana-Farber is the top ranked cancer center in New England, according to U.S. News & World Report, and one of the largest recipients among independent hospitals of National Cancer Institute and National Institutes of Health grant funding. Follow Dana-Farber on Twitter: @danafarber or Facebook: facebook.com/danafarbercancerinstitute.

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. Follow us on Twitter at @RBJ_Partners.

Categories: Press Releases

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