May 2018

Davis Marcus Partners to Develop 220,000 SF Lab and Office Building for Alkermes in Waltham, MA

Real estate investment firm to deliver a customized facility for leading biopharmaceutical company.

BOSTON, M.A. – Davis Marcus Partners, a venture between Marcus Partners and The Davis Companies, announced they will develop a new, 220,000-square-foot laboratory and office facility for Alkermes, a global biopharmaceutical company well known for its cutting-edge research and drug development, on the Reservoir Woods Campus in Waltham. The new building, located at 900 Winter Street, represents an on-campus expansion of Alkermes’ current facility within Reservoir Woods at 852 Winter Street, enabling the company to expand both its research and development capabilities and comfortably accommodate its growing staff. Construction of the new facility will begin this spring.

Davis Marcus Partners has a nearly decade-long professional history with Alkermes, having first worked with the company as a landlord in renovating a portion of an existing office building into a laboratory and headquarters to accommodate their relocation from Cambridge to Waltham in 2009. Subsequently, they have assisted with expansions as Alkermes has grown. Davis Marcus Partners’ substantial experience as a life science property owner, manager and developer has enabled the two companies’ ongoing successful partnership leading to this current expansion.

“We’ve developed a strong relationship with Alkermes over the years as they’ve continued to grow as a global leader in the biopharma sphere,” said Pete Cameron, a Principal at Marcus Partners. “This new facility will be tailored from the inside out to meet their needs with robust infrastructure and capabilities. 900 Winter Street provides them a next-generation facility in every sense on one of Greater Boston’s most prestigious corporate campuses. We feel very fortunate to have the opportunity to continue to work together.”

The new facility, designed by Elkus Manfredi Architects, offers an environmentally conscious LEED design and amenities including an eatery, coffee bar, state-of-the-art fitness center, outdoor amphitheater and a rooftop terrace all tailored to provide a collaborative and inspiring work environment for Alkermes’ employees to continue their work on an increasingly diversified portfolio of pharmaceutical products. As part of the build-to-suit arrangement, Alkermes will sign a 15-year lease at the new property.

900 Winter Street will be part of the Reservoir Woods Development, a vibrant, approximately 1.3 million-square-foot campus in Waltham, MA, featuring a diverse mix of office, research and development, retail, health and wellness offerings. Reservoir Woods is also highly commuter friendly, offering shuttle service to the MBTA Red Line at Alewife Station in Cambridge, and is less than a mile away from I-95, Route 128 and Route 2, and less than five miles from the Mass Pike.

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