Biotech Firms Ink Leases Totaling 76,000 SF

CAMBRIDGE, MA-Three firms have signed on to take a total of 76,000 sf of space at offices and laboratories here and in Lexington and Waltham. In the largest transaction, Idenix Pharmaceuticals Inc. signed on for 37,000 sf here at One Kendall Square in Building 1400. The four-and-a-half-year lease with Lincoln Properties represented a continued expansion for the biotech firm, which also leases space totaling 80,000 sf at 60 Hampshire St. and One Kendall Square, both in Cambridge.

In Lexington, ActivBiotics Inc. took 17,800 sf at 110 Hartwell Ave. under a three-year arrangement that allows the firm to move from its former location at the Ledgemont Center at 128 Spring St., in Lexington into laboratory and office space owned by Glenborough Realty Trust. BG Medicine Inc., formerly located at 40 Bear Hill Rd. in Waltham, has signed on to take 21,000 sf under a three-year sublease at the Hobbs Brook Office Park, 610 Lincoln St., also in Waltham.

All three tenants were represented by Richards Barry Joyce & Partners LLC. The real estate brokerage firm also represented owner Glenborough. In the Waltham transaction, sublessor GPC Biotech Inc. was represented by CB Richard Ellis/Whittier Partners, while the Cambridge negotiations were handled by owner Lincoln Property Co.