Assembly Innovation Park | 5 Middlesex Ave | Somerville

12345 said:

BioMed Realty and TransMedics Announce 498,000-Square-Foot Lease at Assembly Innovation Park

BioMed Realty and TransMedics Announce 498,000-Square-Foot Lease at Assembly Innovation Park
www.bldup.com www.bldup.com
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A couple of new twists! Two interesting notes in today's Globe article that I didn't see in the October article:

1) ".....Beyond leasing the lab, TransMedics has also bought 5 acres of land next door from BioMed Realty for $30 million. BioMed had planned to develop two additional lab buildings — up to 1 million square feet — on that land, said Colleen O’Connor, the developer’s executive vice president and East Coast market lead....."

2) "......All 300 employees at TransMedics’ existing campus in Andover will have the chance to come into Somerville — and the company will work with them to find other positions if they’re not interested in relocating. Hassanein is also exploring relocating the headquarters of TransMedics’ aviation unit from Bozeman, Montana to Massachusetts, and has met with the Massachusetts Port Authority to pitch the move, he said....."

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12345 said:

BioMed Realty and TransMedics Announce 498,000-Square-Foot Lease at Assembly Innovation Park

BioMed Realty and TransMedics Announce 498,000-Square-Foot Lease at Assembly Innovation Park
www.bldup.com www.bldup.com
Click to expand...
Kind of crazy they found a tenant... they can all live in the new building on Mystic Valley Parkway (while Assembly gets on with building some more units) :)

My concern with the rest of the property is that while they have intentions to expand, it doesn't sound imminent. The aviation part of the business sounds like a great fit for Hanscom (or Worcester, but I have to assume the Hartwell Ave area is more attractive to them).
 
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Andover has been losing all of their companies over the past few years...
 
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