Flaherty and Hansen of Colliers M&G handle 18,748 s/f lab lease

Merrimack Pharmaceuticals, Inc. has expanded by 18,748 s/f of additional laboratory and office space in building 600/700 at the One Kendall Sq. complex. Merrimack will now occupy a total of 50,495 s/f and be the largest tenant in the building. Colliers Meredith & Grew's Joe Flaherty and Tucker Hansen represented Merrimack. J. Duncan Gratton and Kim Roop of DTZ FHO Partners represented the landlord, The Beal Cos. Built in 1916 and renovated in 1986 and 2008, Building 600/700 is a 234,631 s/f, five-story, Class A research facility offering wet laboratory and office space. One Kendall Square campus consists of nine buildings totaling more than 670,000 s/f of laboratory, office and retail space. The site is close to the MIT campus and the MBTA Red Line station at Kendall Sq. On site amenities include a 1,500 car parking garage, six restaurants, Bright Horizons child care and the Kendall Square Cinema.