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BioMed Realty Trust Expands Lease With Ironwood Pharmaceuticals for 50,000 Square Feet in Cambridge, Massachusetts
Date:2/16/2010

SAN DIEGO, Feb. 16 /PRNewswire-FirstCall/ -- BioMed Realty Trust, Inc. (NYSE: BMR) today announced the signing of an amendment to its lease with Ironwood Pharmaceuticals, Inc. (Nasdaq: IRWD) at its 301 Binney Street laboratory research facility in Cambridge, Massachusetts.  Ironwood has agreed to lease an additional 50,000 square feet of laboratory and office space contiguous to its existing premises located in the heart of the Kendall Square life science research super-cluster. As a result of this lease expansion, Ironwood's occupancy in the five-story, state-of-the-art facility will increase to approximately 164,000 square feet.

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According to Alan D. Gold, BioMed's Chairman and Chief Executive Officer, "After almost three years as one of BioMed's premier privately held life science tenants, Ironwood recently completed its initial public offering, continuing on its path of strong capital raising success driven by its world-class research and development team and promising drug candidates. We congratulate the Ironwood team on this accomplishment and are pleased to expand our relationship with them as they continue to discover, develop, manufacture and commercialize their drug pipeline to address important human needs. We look forward to supporting their cutting-edge technologies and entrepreneurship by continuing to provide them the best-in-class research
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SOURCE BioMed Realty Trust, Inc.
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