January 6, 2021
BioMed Realty has acquired 601 Congress Street, a 482,000-square-foot workplace building in Boston’s Seaport area. The seller and also prices were not disclosed.
The LEED Platinum-certified office building formerly functioned as John Hancock’s corporate head office and supplies a life science conversion possibility due to its robust mechanical and architectural framework in addition to joint meeting areas and strong visual identification in the Port submarket. The transformed building is set up to be supplied in the 2nd half of 2022.
“Greater Boston is rated among the top biotechnology collections in the world driven by the amazing levels of talent, scientific research as well as capital that exist within our local life scientific research ecological community. We are seeing an increased demand for more space amongst our existing renters and also brand-new companies getting in the marketplace, as well as BioMed Realty’s present Boston profile is nearly 100% rented,” said Colleen O’Connor, vice president at BioMed Real estate. “The purchase of this massive, first-rate building provides growth possibilities for our current tenant lineup of over 230 life scientific research companies as well as is ideally positioned to invite brand-new tenant partnerships into our BioMed profile.”
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