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1 Corporate Drive

Brad Marshall Of IQHQ Signs Long-Term Lease With AdvanCell For 128,000 Square Feet In Andover
LEASEDLife Sciences

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.

Players

I
IQHQLandlord

Tariff Life Sciences Market Snapshot

Boundary boundary · Life Sciences · Lease transactions

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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