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Life Sciences Team Negotiates 108,158 SF in Lab Deals

Posted by Anne on August 29, 2022
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The R.W. Holmes Life Science Team successfully negotiated seven lab leases totaling 108,158 square feet of space in Burlington, Natick, and Waltham in Q2 2022.

According to Elizabeth Holmes, R.W. Holmes’ Director of Corporate Services, “We expanded our Life Science team in Greater Boston to meet the urgent needs of startups, private companies, and landlords seeking to convert their properties into labs. Being hands-on and finding creative solutions has been our strength in this niche. Tenants and landlords have praised the team’s innovative approach and our willingness to go the extra mile.”

Snap Dragon Chemistry, a world leader in flow chemistry and process development, expanded its lease at Waltham Research Park, located at 360 Second Ave. in Waltham. Senior Vice President, Arthur Amadei of R.W. Holmes served as the exclusive leasing agent for the landlord, Hillside Associates. 

Boston Dynamics, a global leader in mobile robotics, signed a new lease for 23,300 SF at Waltham Research Park. Mr. Amadei handled the transaction on behalf of Hillside Associates. Boston Dynamics was represented by CBRE and Colliers.

Boston Lab Services,
 a full-service, privately owned company providing facility and lab services for life science operations, has signed a new flex lease at 18 Terry Ave in Burlington for 10,500 SF. Assistant Vice President Mike Ogasapian of R.W. Holmes represented Boston Lab Services and the landlord, Rose Realty Partners.

Adden Energy, founded by a team of scientists at Harvard University, has signed a new lease for 6,745 square feet at 1432 Main Street in Waltham to develop and scale an entirely new type of solid-state battery. Elizabeth Holmes and Craig Johnston, Senior Vice President of R. W. Holmes, represented Adden Energy.

AmberGen
, Inc., a privately held company specializing in pioneering photonic technology developed at Boston University’s Molecular Biophysics Laboratory and the Photonics Center, leased 6,448 square feet of space at 425 Waverly Oaks Road in Waltham. R.W. Holmes, Managing Director Dean Blackey, and Elizabeth Holmes represented the tenant in the transaction.

Geneius Biotechnology
, a cell therapy company focused on cancer and inventor of SMAR-TTM cells, expanded its lease to 3,710 square feet of space at 12 Michigan Drive in Natick, MA. Craig Johnston represented both parties in this transaction.

Inmunoracle,
a biotech company, leased and expanded to 5,700 square feet of space at 12 Michigan Drive in Natick. Mr. Johnston represented both parties in this deal as well.

“We are extremely proud to have assisted so many amazing life science companies this quarter and look forward to helping more tenants and landlords in the future,” added Mike Ogasapian. “There is a persistent, unmet demand for lab space from early-stage and privately-held lab users under 20,000 square feet.”

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  • Noteworthy Transactions

    • Sold 2 & 3 Apple Hill, Natick for Met Life $50,000,000
    • R.W. Holmes Realty represents Coca-Cola in securing new 90,000 SF building in Westborough.
    • Sold 403 acres of land for Alstores Realty Corporation to Parmount Development (subsidiary Perini Corp.) which was developed as the Raynham Woods Commerce Center.
    • Represented The MathWorks in $30,800,000 acquisition at One Apple Hill
    • R.W. Holmes sells 132 acre Freetown site for BFI to Campanelli Companies
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