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News release

BOSTON, MA

Burlington Welcomes First Biopharmaceutical Company

Dyax to leave Cambridge’s Kendall Square for Burlington’s Network Drive


BOSTON, Sept. 7, 2011 – Nordblom Company is pleased to announce that Dyax Corp. (NASDAQ: DYAX) will be opening their new corporate headquarters at Network Drive at Northwest Park in January 2012. They have leased 45,000 square feet on the third floor of 55 Network Drive for ten years. Senior Vice President Peter Bekarian and Assistant Vice President Bryan Sparkes of Jones Lang LaSalle represented Dyax while Jones Lang LaSalle Managing Director Tamie Thompson and Vice President Tyler Spring represented Nordblom Company in the transaction. Ogden Hunnewell and Adele Olivier managed the deal from the ownership. Dyax will move from 300 Technology Square in Cambridge to create this new corporate headquarters.
 
“We are excited to have Burlington’s first biopharmaceutical company choose Network Drive at Northwest Park as their new corporate headquarters. Burlington offers companies like Dyax a more value-driven option. Dyax also recognized the importance of the many campus and town amenities, as well as the flexibility that the buildings allow to  combine office and laboratory use.” said Ogden Hunnewell, Executive Vice President and Partner of Nordblom Company. “The signing of this lease with Dyax represents a major step toward putting Burlington on the map as the new Route 128 biopharmaceutical hub,” he continued.
 
“We are pleased to be moving to Network Drive for our new corporate headquarters,” stated Gustav Christensen, President and Chief Executive Officer of Dyax.  “We believe it is an excellent facility and environment for us to operate and carry out our business plan throughout the coming years.”
 
Jones Lang LaSalle’s Construction team was recently awarded the interior build out of Dyax’s new space. The team includes: Managing Director Steve Wassersug, Vice President Dana Griffin, Senior Superintendent Tom Day, Vice President Chris Hardiman, and Project Coordinator Laura Fraioli.
 
Network Drive at Northwest Park is a 933,000 square foot office campus situated on 158 acres. It is one of the largest office parks along Route 128/I-95 and is located directly on Route 3 at the I-95 intersection. It consists of an exceptional multi-tenanted office park, comprising seven buildings in a dramatic landscaped setting. In addition to Dyax Corp., other companies which have established headquarter locations at Network Drive at Northwest Park include Oracle Corporation, Avid Technologies, Palomar Medical, Exa Corporation, e-Dialog and Memento, bringing the campus to over 90% leased with enough land to build nearly 300,000SF of additional development. “Companies like Dyax choose Network Drive because they understand the value proposition of the Network Drive amenity rich environment and its impact on occupancy costs and the firm’s ability to recruit and retain top talent. We are thrilled to have Dyax relocate to the park,” said Tamie Thompson. The campus has three entrances from Network Drive, one of which is signalized and an amenity package that includes a central “Winter Garden” featuring quality indoor and outdoor cafeteria dining, a large exercise facility, an ATM, a putting green, access to conference facilities and much more.
 
About Nordblom Company
Nordblom is a real estate enterprise with an 85 year history of investing and developing in properties throughout the New England region and select markets across the country.  Nordblom currently owns office, commercial and multifamily properties in the New England and North Carolina markets and is committed to creating and operating dynamic work and living environments that further the quality of life for the people who occupy its properties. Nordblom has transacted over $1.1 billion of investment and development work totaling over 6 million square feet of office, industrial and residential projects in the past dozen years.  Headquartered in Burlington, MA with offices in Boston, Brookline and Raleigh, Nordblom Company has $650 million and 7 million square feet  in assets under management.  For more information, visit www.nordblom.com.
 
About Dyax Corp.
Dyax is an integrated biopharmaceutical company built on proprietary phage display technology. This technology discovered Dyax’s lead product, ecallantide, approved under the brand name KALBITOR® in the United States for the treatment of acute attacks of hereditary angioedema (HAE) in patients 16 years of age and older. Dyax leverages this technology broadly as part of its Licensing and Funded Research Program (LFRP), which has approximately 75 revenue generating licenses and collaborations for therapeutic discovery, as well as for affinity separations, diagnostic imaging, and research reagents. The success of the Company’s LFRP royalty portfolio is illustrated by the program’s advanced licensee pipeline that includes 17 candidates in clinical development. Of them, four candidates are in Phase 3 clinical trials, four are in Phase 2 and nine are in Phase 1. For more information, visit www.dyax.com.
 
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $45.3 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.