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BioMed Realty Announces 93,000 Square Foot Lease Expansion And Extension With Ironwood Pharmaceuticals At 301 Binney Street
Date:10/31/2012

SAN DIEGO, Oct. 31, 2012 /PRNewswire/ -- BioMed Realty Trust, Inc. (NYSE: BMR) today announced the signing of an amendment to the lease with Ironwood Pharmaceuticals, Inc. (NASDAQ: IRWD) at its 301 Binney Street facility in Cambridge, Massachusetts.  As a result of this lease extension and phased expansion totaling approximately 93,000 square feet, Ironwood's occupancy in the five-story, state-of-the-art facility will increase to approximately 303,000 square feet. The term of the lease now extends through January 31, 2018.

Commenting on the lease amendment with Ironwood, Alan D. Gold, Chairman and Chief Executive Officer of BioMed Realty, said, "We are delighted to expand and extend our partnership with Ironwood Pharmaceuticals and continue supporting their ongoing efforts to discover, develop and commercialize medicines. With this second significant expansion of its footprint at 301 Binney within the past three years, Ironwood continues to manage its growth in a prudent, measured fashion in the heart of Cambridge, the leading global life science center."

With this latest lease expansion and extension for Ironwood, BioMed Realty has leased approximately 600,000 square feet of laboratory and office space in the Cambridge-Boston market within the past 24 months.

About BioMed Realty Trust

BioMed Realty delivers optimal real estate solutions for biotechnology and pharmaceutical companies, scientific research institutions, government agencies and other entities involved in the life science industry. BioMed Realty owns or has interests in properties comprising approximately 13.1 million rentable square feet. The company's properties are located predominantly in the major U.S. life science markets of Boston, San Francisco, San Diego, Maryland, New York/New Jersey, Pennsylv
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SOURCE BioMed Realty Trust, Inc.
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