Peter M. Moglia Of Alexandria Real Estate Equities & National Development Leases Office To Foghorn Therapeutics In Watertown
99 Coolidge Avenue
Building Size
—
Asset Type
Office
Closing
Jul 8, 2025
AI
The property asset involved in this transaction is a former fitness club that has been redeveloped for office use by Alexandria Real Estate Equities and National Development. Located at 99 Coolidge Avenue, Watertown, MA, the new lease covers 73,000 square feet of space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 99 Coolidge Avenue
- Market: Watertown, MA
- Landlord: Peter M. Moglia - Alexandria Real Estate Equities & National Development
- Tenant: Adrian Gottschalk - Foghorn Therapeutics
Foghorn Therapeutics is relocating from Alexandria's property in Cambridge to the newly leased office space at 99 Coolidge Ave. The redevelopment of this site was a collaborative effort between Alexandria Real Estate Equities and National Development.
Players
Watertown 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