The Boston Globe
BOSTON.COM
Genzyme moving to new Kendall Square headquarters in 2018
The company will move to 50 Binney St. in 2018.
By Robert Weisman GLOBE STAFF MARCH 27, 2015
It’s the Kendall Square version of trading up.
Genzyme confirmed Friday that it will move out of the company’s Cambridge headquarters at 500 Kendall Sq. -- known as the “Genzyme Center” -- when its lease expires in three years. About 950 employees will move from the signature building that is one of the best-known landmarks in the city’s life science cluster to a new headquarters to be constructed nearby at 50 Binney St....
The new building is expected to house about 1,300 employees, including some new hires as well as employees who work for Genzyme and its corporate parent, Sanofi SA, at various other locations....
“We looked at a lot of factors in making the decision,” Piela said. “One was accommodating our anticipated growth. We also looked at the age of our building and the inefficient use of space.”....
Genzyme moved in 2003 to its Genzyme Center headquarters, then considered state of the art, signing a 15-year lease with Biomed Realty Trust.