TransMedics Group Signs 16-Year Lease At BioMed Realty's Assembly Innovation Park In Somerville

The property involved in the transaction is a life sciences asset located at 188 Assembly Park Drive in Somerville, Massachusetts. The total square footage of the property is 498,000. This lease transaction does not include a sale or purchase price, as it is a lease agreement.

Summary of transaction details:

• Property Type: Life Sciences
• Transaction Amount: Not applicable
• Address: 188 Assembly Park Drive
• Market: Somerville, MA
• Landlord: Tim Schoen - BioMed Realty
• Tenant: Waleed Hassanein - TransMedics Group
• Lease Duration: 16 years
• Square Footage: 498,000

Tim Schoen represents BioMed Realty as the landlord in the lease agreement, while Waleed Hassanein is the tenant representing TransMedics Group. This transaction establishes TransMedics' new global headquarters and manufacturing hub at the property.