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75 Binney Street

Takeda Pharmaceutical Company Limited Extends Lease At 75-125 Binney Street, Cambridge
LEASEDOffice

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