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News release

BOSTON

King Street Properties Announces 57,561 SF Lease at 115 Hartwell Avenue

Two of three floors now committed at the 91,000 SF speculative lab development in Lexington


BOSTON, November 9, 2016 - JLL and King Street Properties, the largest locally-based private owner of life science real estate in the Greater Boston area, announced today that WAVE Life Sciences has signed a lease for 57,561 square feet of office and lab space at 115 Hartwell Avenue to accommodate their expansion into Lexington from Cambridge. The lease encompasses two out of three floors in a new, 91,000 square foot life sciences building being constructed by King Street Properties at The Hartwell Innovation Campus (THINC). WAVE will custom build a GMP manufacturing facility which will be ready for occupancy in spring of 2017. 

"We are excited that 115 Hartwell Avenue has its first tenant, and look forward to having WAVE Life Sciences join many other premier life science companies at THINC," said King Street Properties' Senior Director Michael Diminico. "This new facility at 115 Hartwell will bring additional manufacturing jobs to Lexington and further support the growth and expansion of one of the area's leading life sciences clusters."  

King Street is on target to deliver the new facility in early 2017. The LEED-designed, Class-A laboratory building will be the fourth building on the THINC campus and will feature a sleek curtain wall and metal panel façade. Its robust state-of-the-art central mechanical systems have been designed to accommodate a wide range of life science tenants.  

"115 Hartwell Avenue is situated within one of the area's most prominent life science hubs and presented a unique opportunity for a company looking for a large block of lab space in an incredibly tight market," said JLL Executive Vice President Don Domoretsky. "This state-of-the-art facility affords WAVE Life Sciences the great advantage of being able to create first generation manufacturing space to meet their specific science, office and cultural needs." 

The Hartwell Innovation Campus (THINC) is a 276,000-square-foot campus that's currently home to several of the world's leaders in the biotech and pharmaceutical industry including: Quanterix, T2 Biosystems, uniQure, Taris Biomedical, and more. The campus, which is situated in close proximity to several area amenities, is located just off Route 128/I-95 and accessible via the MBTA's Red Line at Alewife thanks to convenient shuttle service.  

JLL Executive Vice Presidents Don Domoretsky and Ben Coffin and Managing Director Matt Daniels represented the landlord, King Street Properties, and Executive Vice President Evan Gallagher or NAI Hunneman represented the tenant, WAVE Life Sciences, in the transaction.

About King Street Properties
King Street Properties is focused on serving the complex needs of science-based companies and institutions. The company provides space solutions to businesses that include pharmaceutical and biotech firms racing to develop lifesaving drugs, makers of medical devices and diagnostic tools, and clean tech companies harnessing renewable materials and energy sources. King Street is committed to creating innovative transportation solutions and collaborative environments where scientific discovery can thrive. The company's development strategy is focused on "placemaking," which is the art of creating an environment that brings happiness, health and a sense of community to the workplace, and goes beyond creating high-performance science spaces. Please visit www.kingstreetproperties.com for more information.

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. JLL is a Fortune 500 company with, as of December 31, 2015, revenue of $6.0 billion and fee revenue of $5.2 billion, more than 280 corporate offices, operations in over 80 countries and a global workforce of more than 60,000. On behalf of its clients, the company 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. As of September 30, 2016, its investment management business, LaSalle Investment Management, has $59.7 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.​