Bekarian and Kollar of Jones Lang LaSalle broker 32,079 s/f lease at Blackstone Sq.

January 24, 2013 - Front Section

Blackstone Square - Cambridge, MA

Good Start Genetics, Inc., an innovative molecular diagnostics company developing the new gold standard in carrier screening, has expanded its headquarters by leasing an additional 15,479 s/f of first class office space in Blackstone Sq. This brings their total occupancy to 32,079 s/f. The building is now 95% leased.
Jones Lang LaSalle executive vice president Peter Bekarian and vice president Daniel Kollar negotiated the transaction on behalf of owner Centremark Properties, Inc.
Acquired in 2007 by Centremark, Blackstone Sq. is a brick and beam building that has been upgraded to first class standards. Centremark improved the vacant building to feature: new lobbies, elevators, common area finishes, shared amenities, and new mechanical systems and infrastructure.
The building is located one block from Memorial Dr. with views of the Charles River. Other tenants at 19 Blackstone include: Intelligent Medical Devices, Inc.; IMDx; Genewiz Inc.; Hybrid Silica Inc.; AMBRI (formerly Liquid Metal Battery Corporation); and Smart Architecture.
"The Centremark team's ability to deliver high quality lab and office fit up in a cost effective manner has enabled Good Start Genetics to meet our business targets," said Good Start Genetics CEO Don Hardison.
According to Nader Golestaneh. president at Centremark Properties: "Blackstone Square has proven to be a building and location that is able to accommodate all categories of life science tenants. We are pleased that our Jones Lang LaSalle team has been able to tell our story, and successfully assist us to complete leases to materials sciences, pharmaceutical research, and bio-tech tenants."
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