Addgene Latest to Sign On at LINX in Watertown
Addgene Latest to Sign On at LINX in Watertown
Addgene, a global, nonprofit repository created to help scientists share plasmids, is joining the tenant roster at LINX in Watertown, MA.
The organization agreed to a lease for 39,333 square feet at the 185,595-square-foot, two-story creative lab and office building. Completed by Boylston Properties in June, the building sits on an 8.6-acre site near the Arsenal Yards at 490 Arsenal Way in Watertown’s East End.
Addgene is the second life science company to relocate from Cambridge to the Watertown building, following C4 Therapeutics, which signed a lease in July to relocate from Kendall Square to 45,000 square feet at the LINX.
According to Addgene executive director Joanne Kames, the new space will provide first-class laboratory and office space able to accommodate future growth.
“With rents up and vacancies down in Cambridge, life science companies are opting for Watertown because of its location, amenities and proximity to Cambridge and Boston,” said Bill McQuillan, president of Boylston Properties. “With access to new housing, restaurants, retail and two new hotels in a walkable neighborhood, we expect more tenants will chose Watertown in 2018.”
Addgene is the third tenant to sign on at the building, joining C4 and Macrolide Pharmaceuticals. With the signing of Addgene, the LINX is now 56 percent leased.
Duncan Gratton and Kate Lien of Cushman & Wakefield represented Boylston Properties in negotiations, while John Coakley and Paul Delaney of Cresa Boston represented Addgene.
