Industry News

DLJ Real Estate Capital Partners and Leggat McCall Properties are building a Class-A laboratory building in Somerville, Mass. The nine-story, 289,000-sf facility will provide leading-edge research and office space for life sciences and technology companies. The mixed-use development will include dedicated retail space on the ground floor and four levels of underground parking.

Adaptive Biotechnologies is expanding its presence in Seattle with the lease of a 100,000-sf headquarters building in Seattle. The lab and office facility is located in the Lake Union life science district and is being developed by Alexandria Real Estate Equities. Adaptive will occupy the entire structure, which is sited adjacent to its existing facility. Building amenities will include an open-air plaza, a rooftop desk, a fitness center, locker and shower rooms, and direct access to water sports on Lake Union.

Foundation Medicine will locate its 580,000-sf life science headquarters in a planned 625,000-sf building in Boston's Seaport Square. Designed by Morris Adjmi Architects and Stantec, the leased building will provide leading-edge research, collaboration, and administrative facilities to support the creation of innovative biomedical therapies.

Wexford Science+Technology opened the $88 million Wexford Innovation Center in July of 2019 in Providence, R.I. Designed by Ayers Saint Gross, the seven-story, 202,000-sf building will accommodate tenants including Brown University's School of Professional Studies, the Cambridge Innovation Center, Johnson & Johnson, the Venture Café, and The Boston Globe. Interior improvements valued at $17 million were performed for the Cambridge Innovation Center's facilities.

Komatsu Mining Corp. is planning to construct a new $285 million headquarters campus in Milwaukee. The project will include an administrative office building with an integrated research center and a company museum. A 430,000-sf manufacturing facility will also be built on the 54-acre site. Groundbreaking will occur in late 2019 with completion expected in 2022. Subsequent phases of development may include the expansion of both structures and the construction of a second manufacturing building.