Cushman & Wakefield recently signed Curis and BioScale to long-term leases at 4 Maguire Rd., a 57,303 s/f laboratory building. Senior Housing Properties Trust, the owner of the building, was represented by Cushman & Wakefield's executive directors Mark Winters and Mark Roth, senior director David Townsend, and director Juliette Reiter. Curis was also represented by Cushman & Wakefield, while BioScale was represented by John Carroll of Colliers International.
Curis has expanded and relocated to 25,000 s/f on the first floor of 4 Maguire Rd.
BioScale is taking 30,000 s/f on the second floor, including the balance of the available space at the renovated suburban laboratory building.
"While there is some existing laboratory space in Cambridge, the cost and time associated with fitting up new laboratory space from shell condition encourages growing life science companies to look beyond Cambridge's borders," said Reiter. "These leases are not only the result of ownership's hard work and investment in a high quality asset, but also a reflection of the increased demand from life sciences companies and continued emergence of 128 West as an attractive laboratory location."
Both tenants relocating to 4 Maguire Rd. had previously been in Cambridge.
Curis is a drug development company that is committed to leveraging its innovative signaling pathway drug technologies to seek to create new targeted small molecule drug candidates for cancer.
BioScale develops, manufactures and promotes a new generation of protein analytics technology to accelerate drug discovery, development and production of biological and pharmaceutical products.
About Cushman & Wakefield
Cushman & Wakefield is the world's largest privately-held commercial real estate services firm. Founded in 1917, it has 231 offices in 59 countries and more than 13,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within five primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, investment banking, debt and equity financing; Client Solutions, including integrated real estate strategies for large corporations and property owners, Consulting Services, including business and real estate consulting; and Valuation & Advisory, including appraisals, highest and best use analysis, dispute resolution and litigation support, along with specialized expertise in various industry sectors. A recognized leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Center at www.cushmanwakefield.com.For the New England area, Cushman & Wakefield maintains offices in Boston, Massachusetts; Manchester, New Hampshire; and Hartford and Stamford, Connecticut;. To find out more about Cushman & Wakefield, please call 617.330.6966.