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BPGbio Leases Office Space At 300 Third Avenue, Waltham

Property Image
LEASED
Chris Devaux
Nathaniel (Nate) Heilbron
+ 3

Massachusetts

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Office70,000 SF
Leased 02/21/2024
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Property Image
LEASED

BPGbio Leases Office Space At 300 Third Avenue, Waltham

300 Third Avenue

See Similar Deals
Office70,000 SF
Leased 02/21/2024
Chris Devaux
Nathaniel (Nate) Heilbron
+ 3
Contact now

Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:70,000 SF
Transaction Type:Lease

Located at 300 Third Avenue in Waltham, MA, the office property spanning 70,000 square feet has been leased for relocation. The space will soon house BPGbio, an AI-powered biopharma company, as it moves its headquarters from Framingham to Waltham, accelerating its development of therapeutics and diagnostics.

Summary of transaction details:

The deal involved key individuals such as Niven R. Narain, Ph.D, representing BPGbio in the transaction, along with representatives from Lincoln Property Company acting on behalf of the landlord, MetLife Investment Management. Additionally, Cresa's team played a crucial role as the tenant's representatives in securing the 70,000 square feet of lab and office space at 300 Third Avenue for BPGbio's upcoming expansion and relocation.

Players

Tim Latham
3 deals$4.9M volume
BROKER

Chris Devaux
Lincoln Property Company
3 deals$4.9M volume(617) 951-4124
BROKER




Details

LEASED
IMAGE: Paul Delaney, Chris Devaux, Christopher Scott, Tim Latham, Adam Subber, Nate Heilbron & Niven R. Narain DATE: 02/21/2024 ADDRESS: 300 Third Avenue MARKET: Waltham, MA ASSET TYPE: Office ~ SF: 70,000 LANDLORD: MetLife Investment Management TENANT: Niven R. Narain, Ph.D - BPGbio LANDLORD'S REP: Chris Devaux, Christopher Scott & Tim Latham - Lincoln Property Company TENANT'S REP: Adam Subber, Nate Heilbron & Paul Delaney - Cresa NOTE: BPGbio, an AI-powered biopharma company, is relocating its headquarters from Framingham to Waltham, Mass., leasing 70,000 sq. ft. of lab and office space at 300 Third Avenue. The move, planned for June 2025, will enable BPGbio to expand its footprint and accelerate the development of therapeutics and diagnostics.

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Deal Type
Effective Rent (Annual)

$4,012,357.76

Total Lease Value

$40,123,577.59

Net Landlord Cash Flow$4,012,357.76