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News release

BOSTON

Ginkgo Bioworks Quadruples its Footprint at the Innovation and Design Building

Fast-growing company leases 70,000 SF in Jamestown’s Creative Cluster


BOSTON, MA, May 16, 2016Jamestown and JLL today announced that Ginkgo Bioworks, an organism design company, has signed a long-term lease totalling 69,439 square feet at the Innovation and Design Building (IDB) in Boston's thriving Seaport District.  

Ginkgo Bioworks, which built the world's first organism engineering foundry in its existing Boston facility at adjacent 27 Drydock Avenue will bring its expanded light lab infrastructure to the IDB. The fast growth of synthetic biology, which continues to draw investors, has driven the need for more space as the company expands into other industries. Having closed a $45 million Series B round of funding last July, this additional square footage at the IDB enables the company to more than quadruple its local footprint. It also allows for an easy path to continued growth over the term of their 10-year lease.  

"For Jamestown, the addition of Ginkgo Bioworks reinforces our success of incubating start-ups at the IDB," said Michael Phillips, President at Jamestown. "This is an example of what has been central to our management plan, allowing tenants to come in and fully utilize the large spaces at IDB, with the opportunity for vertical and horizontal expansion across 180,000 square feet per floorplate." 

The Innovation and Design Building is a 1.4 million-square-foot, mixed-use complex located at 21-25 Drydock Avenue & 1 Design Center Place in the Marine Industrial Park within Boston's fast-growing and highly sought-after Seaport District. The IDB features expansive floor plates, high ceilings, and floor-to-ceiling windows that flood the building with natural light. Innovation workers find it easy to get to the IDB due to the wealth of transportation options including direct MBTA Silver Line access; dedicated shuttles to both North and South Stations; easy highway access to Routes 90 and 93; Hubway bike share stations; and accommodations for bikers including extensive storage. Tenants also relish the on-site amenities, such as the food trucks, shipping container kiosks and seating along IDB's outdoor promenade. Frequent programming such as the IDB "Ideas" series fosters an exchange of ideas and provides a platform for new business relationships.  

JLL Managing Director Ben Heller, Executive Vice President Ryan Enright, and Senior Vice Presidents Kelly Lockberg and Molly Heath represented the property owner, Jamestown, in the transaction. Anne Columbia & Patrick Downey of Columbia Realty represented the tenant, Ginkgo Bioworks. 

"We are excited to welcome Ginkgo Bioworks to the Innovation and Design Building," said Heller. "With their bold and exciting vision, Jamestown has successfully created a hub of innovation here at the IDB, which has helped to attract cutting-edge companies like Ginkgo Bioworks and establish the property as a go-to location for the creative, urban manufacturing, and entrepreneurial community here in Boston."

Ginkgo Bioworks joins a diverse tenant roster at the IDB that includes Autodesk, MassChallenge, Elkus Manfredi Architects, Design Communications Ltd., BOC International, Boston Beer, and a "Makers' Guild" floor, among others.

About Jamestown
Jamestown, L.P. was established in 1983 as an investment and management company focused on income-producing real estate in the United States. Over the last 33 years, Jamestown has expanded into a national, vertically integrated real estate operator with approximately $11.1 billion of assets under management. Jamestown's capabilities include: acquisitions, capital markets, property management, asset management, retail leasing, design, sustainability and risk management.  Jamestown has headquarters in Atlanta, GA, and New York, NY and additional offices in Boston, MA and San Francisco, CA. For more information, visit www.jamestownlp.com.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.