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Astellas Pharma Leases 62,000 SF At 441 Morgan Ave In Cambridge, MA

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LEASED
$115

Massachusetts

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Life Sciences62,000 SF
Leased 08/14/2023
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LEASED

Astellas Pharma Leases 62,000 SF At 441 Morgan Ave In Cambridge, MA

441 Morgan Ave Cambridge, MA 02139, USA

See Similar Deals
Life Sciences62,000 SF
Leased 08/14/2023
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Summary

MASSACHUSETTS
Asset Type:Life Sciences
Price Per Square Foot:$115
Total Square Footage:62,000 SF
Transaction Type:Lease

Astellas Pharma Inc. has leased 62,000 square feet of space at 441 Morgan Avenue in Cambridge, MA. The property is part of DivcoWest's Cambridge Crossing development. The lease transaction was facilitated by brokers Andrew Davidson, David Burkards, and Kyle Robbins from Transwestern.

Summary of transaction details:

  • Property Type: Life Sciences
  • Transaction Amount: Not mentioned
  • Address: 441 Morgan Avenue, Cambridge, MA
  • Market: Cambridge, MA
  • Landlord: DivcoWest
  • Tenant: Astellas Pharma Inc
  • Brokers: Andrew Davidson, David Burkards, Kyle Robbins - Transwestern
  • Asking Rent: $115/ft
  • Square Footage: 62,000

The lease agreement between Astellas Pharma Inc. and DivcoWest for 62,000 square feet at 441 Morgan Avenue marks a significant transaction in the life sciences sector in Cambridge, MA. This deal demonstrates the continued growth and demand for life sciences space in the area, with DivcoWest's Cambridge Crossing development being a sought-after location for such companies. The involvement of brokers Andrew Davidson, David Burkards, and Kyle Robbins from Transwestern further highlights their expertise and involvement in the deal.

Players

Andrew Davidson
5 deals$7.5M volume(312) 558-3888
BROKER



DivcoWest
LENDER

DivcoWest
LANDLORD

Details

LEASED
IMAGE: David Burkards, Andrew Davidson & Kyle Robbins DATE: 08/14/2023 ADDRESS: 441 Morgan Avenue MARKET: Cambridge, MA ASSET TYPE: Life Sciences LANDLORD: DivcoWest TENANT: Astellas Pharma Inc BROKERS: Andrew Davidson, David Burkards, Kyle Robbins - Transwestern (@Transwestern) ASKING RENT: $115/ft ~ SF: 62,000 NOTE: Astellas Pharma Inc. has leased 62,000 square feet at 441 Morgan Ave., part of DivcoWest’s Cambridge Crossing development in Massachusetts.

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Deal Type
Effective Rent (Annual)

$8,173,745.95

Total Lease Value

$81,737,459.49

Net Landlord Cash Flow$8,173,745.95