King Street Properties Leases 42000 SF Mixed-use Space To Terrestrial Bio In Allston

The property asset involved in this transaction is a mixed-use facility located at 250 Western Avenue in Allston, MA. This asset spans a total area of 42,000 square feet and will serve as a new headquarters and manufacturing facility for Terrestrial Bio, which is relocating from Woburn.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: Not disclosed
• Address: 250 Western Avenue
• Market: Allston, MA
• Landlord: King Street Properties
• Tenant: Terrestrial Bio
• Landlord's Representative: Ted Lyon, Christopher Walsh and Steven Pesapane - Cushman & Wakefield
• Tenant's Representative: Paul Delaney, John Coakley & Carter Swaebe - Cresa

This transaction marks a significant milestone for King Street Properties, as it represents their first lab tenant at Allston LabWorks. The lease agreement highlights the successful collaboration between the landlord and tenant representatives in facilitating this relocation and lease signing.