SAN DIEGO, July 28, 2011 /PRNewswire/ -- BioMed Realty Trust, Inc. (NYSE: BMR) announced today the signing of a new lease with BIND Biosciences, Inc. at its Vassar Street property located in Cambridge, Massachusetts. BIND Biosciences, a biopharmaceutical company developing therapeutic targeted nanoparticles to produce best-in-class drugs, will occupy approximately 32,800 square feet of laboratory and office space.
The Vassar Street property, a two-story laboratory and office facility comprising approximately 61,000 rentable square feet, is located within close proximity to the Massachusetts Institute of Technology campus and numerous foundations and research institutes, as well as the company's properties on Sidney Street and Erie Street, currently leased to Vertex Pharmaceuticals, Inc. The building began a full redevelopment starting in July 2010 to incorporate BioMed's Universal Flex Lab™ system that enhances tenant fit-out flexibility by allowing laboratory space, offices and meeting rooms to be installed and reconfigured quickly, thereby maximizing productivity and space utilization. BIND Biosciences will join Epizyme, Inc. and Sun Catalytix Corporation at the Vassar Street facility, which is now 100% leased.
"We are very pleased to become part of the dynamic Cambridge life science community and join BioMed Realty's local biotechnology tenants that include such world-leading companies as Sanofi, Pfizer and Metabolix," said Scott Minick, President and Chief Executive Officer of BIND. "With the combination of the newly redeveloped Vassar Street facility and our partnership with BioMed, with their intimate understanding of the needs of life science companies, we found the ideal opportunity to fully leverage our
|SOURCE BioMed Realty Trust, Inc.|
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