Boston, MA According to CBRE/New England, Acetylon Pharmaceuticals, a leader in the development of selective histone deacetylase (HDAC) inhibitors for enhanced therapeutic outcomes, renewed its 13,600 s/f lease at 451 D St. in the city’s Seaport District. Acetylon occupies both laboratory and office space in the building.
McPherson Corp.’s Keith Coulter represented Acetylon in the transaction. CBRE/NE’s Bill Crean and Jonathan Freni represented owner, Meritage Properties. The building is owned in a joint venture between Meritage Properties, State Street Global Advisors and Commonwealth Ventures.
“We are thrilled that Acetylon Pharmaceuticals, another high-quality and innovative company, will continue to call 451 D home,” said Erin Shaw, managing director at Meritage Properties. “451 D has a unique ability to accommodate the needs of both large and small tenants in a highly amenitized industrial chic environment, just steps from The Lawn on D.”
“451 D St. has the vibrant location, terrific on-site amenities and community of like-minded tenants that make it appealing to practically every organization seeking a Boston presence,” said Crean, senior vice president/partner at CBRE/NE. “We are glad that Acetylon continues to see the value that 451 D St. offers for its employees and business.”
451 D St. offers amenities including on-site parking, a fitness center and shuttle service to North and South Stations. The property is currently undergoing a lobby renovation and the addition of a 3,000 s/f tenant amenity center featuring a lounge area, kitchen, games and conference center.
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and