Takeda Pharmaceutical Company Limited Extends Lease At 75-125 Binney Street, Cambridge
75 Binney Street & 125 Binney Street
Building Size
445,850 SF
Asset Type
Office
Closing
Mar 4, 2024
AI
Located at 75-125 Binney Street in Cambridge, MA, the office property spans 222,925 square feet. The lease extension inked between Dean A Shigenaga of Alexandria Real Estate Equities and Christophe Weber of Takeda Pharmaceutical Company Limited solidifies their tenancy at the Alexandria Center at Kendall Square.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Dean A Shigenaga - Alexandria Real Estate Equities
- Tenant: Christophe Weber - Takeda Pharmaceutical Company Limited
- Lease Term: 10 years
Alexandria Real Estate Equities seals a 10-year lease extension with Takeda Pharmaceutical Company Limited, securing their occupancy of 222,925 square feet at 75/125 Binney Street in Cambridge, MA's Alexandria Center at Kendall Square.
Players
Cambridge Office Market Snapshot
Boundary boundary · Office · 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