January 6, 2021
BioMed Realty has acquired 601 Congress Street, a 482,000-square-foot office building in Boston’s Seaport district. The seller and sales price were not disclosed.
The LEED Platinum-certified office building previously served as John Hancock’s corporate headquarters and provides a life science conversion opportunity due to its robust mechanical and structural infrastructure as well as collaborative meeting areas and strong visual identity in the Seaport submarket. The converted building is scheduled to be delivered in the second half of 2022.
“Greater Boston is rated among the top biotechnology clusters in the world driven by the extraordinary levels of talent, science and capital that are present within our regional life science ecosystem. We are seeing a heightened demand for more space among our existing tenants and new companies entering the market, and BioMed Realty’s current Boston portfolio is nearly 100% leased,” said Colleen O’Connor, vice president at BioMed Realty. “The acquisition of this large-scale, world-class building offers growth opportunities for our current tenant roster of over 230 life science companies and is ideally situated to welcome new tenant relationships into our BioMed portfolio.”
For comments, questions or concerns, please contact David Cohen