Brad Marshall Of IQHQ Signs Long-Term Lease With AdvanCell For 128,000 Square Feet In Andover
1 Corporate Drive
Building Size
128,000 SF
Asset Type
Life Sciences
Closing
Jun 22, 2026
AI
The property asset involved in this transaction is a life sciences building located at 1 Corporate Drive, Andover, MA. It encompasses a total area of 128,000 square feet and is situated within the Innovation Park development, recognized as one of Greater Boston's prominent life sciences facilities.
Summary of transaction details:
- Property Type: Life Sciences
- Transaction Amount: Not disclosed
- Landlord: Brad Marshall - IQHQ
- Tenant: AdvanCell
- Date of Lease: 06/22/2026
This deal represents a long-term lease agreement where IQHQ has successfully signed AdvanCell for the entire building at 1 Corporate Drive. This transaction is noted as one of the largest life sciences leases in Greater Boston for the year and completes the leasing for Phase 2 of the campus.
Tariff Life Sciences Market Snapshot
Boundary boundary · Life Sciences · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93