Wyeth Prepares to Move Within Wilmington, Mass., Office Park
Wyeth has signed a new lease allowing it to move within BallardvaleOffice Park in Wilmington, Mass., and expand its presence in the campus.
The pharma giant has agreed to lease the 49,261-square-foot fourth floor of Building One, a 200,000-square-foot building within the four-building, 550,000 square-foot campus at 200 Ballardvalle St. Wyeth is moving from Building Three.
“Wyeth was attracted to Ballardvale Office Park due to its amenity package, visibility, and excellent highway accessibility,” said Brian McKenzie, partner with Boston-based Richards Barry Joyce & Partners, the commercial real estate brokerage that serves as exclusive leasing agent for Ballardville Office Park, in a June 20 press release.
The campus fronts Route I-93 and is located at the intersection of 93 and Route 125, about a 20-minute car ride north of downtown Boston and Logan Airport. Amenities include a new fitness center, free WiFi access, and cafeteria.
McKenzie and James Lipscomb, a vice president of RBJ, represented campus owner VIF/Ballardvale 200 LLC, a partnership of AEW Capital Management and Griffith Properties. Wyeth was represented by John Wilson, a partner with RBJ, and Tom McCann, senior vice president of The Garibaldi Group, a real estate firm with offices in New Jersey and Pennsylvania.
DOE JGI Secures Long-Term Lease on Walnut Creek, Calif., Facility
The US Department of Energy Joint Genome Institute announced June 25 it secured a five-year lease extension, with an option for an additional five years, for its campus in Walnut Creek, Calif. The first phase of the new lease will extend though 2013 with an option till 2018.
The University of California Regents have signed off on the deal, with landlord Hall Equities Group. The new lease allows DOE JGI to expand the current facility on its Walnut Creek campus to include a vacant 18,000-square-foot building, to be renovated and opened in the first quarter of 2008. The additional space will serve to consolidate administrative and informatics staff and feature a new education outreach laboratory, bringing DOE JGI's total space to 80,000 square feet.
Founded as a virtual institute in 1997, DOE JGI opened the doors of the Production Genomics Facility in its present location in 1999.The facility provides integrated high-throughput sequencing and computational analysis that enable systems-based scientific approaches to these challenges.
The current DOE JGI staff of 240 University of California employees includes biologists, computer scientists, engineers, and support staff.