BioMed REIT Lands $92M Tenant For Empty Cambridge Lab

Law360, New York (May 10, 2012, 3:20 PM EDT) -- BioMed Realty Trust Inc. will lease 126,000 square feet of office and lab space in Cambridge, Mass., to Aveo Pharmaceuticals Inc. in a 12-year deal worth $92 million, inking the first tenant to its newly finished six-story lab building, the parties said Thursday.

Aveo, developer of a promising new kidney cancer drug, will move all of its operations into 650 East Kendall St. from its current headquarters just a mile away, continuing its commitment to Cambridge's bustling research scene.

The company will take 2½ floors at...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.