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News release

Boston, MA

ETEX Corporation Expands & Leases 28,595 S.F. in Cambridge

BOSTON, December 17, 2010 — ETEX Corporation has signed leases totaling 28,595 square feet of first class office, research and manufacturing space in two locations in Cambridge, MA. The advanced biomaterials company leased 15,600 square feet of office space at One Central Plaza, and renewed for 12,995 square feet for laboratory and manufacturing at 38 Sidney Street in University Park at MIT.

The space on floors 11 and 12 of One Central Plaza at 675 Massachusetts Avenue is part of ETEX’s expansion in Cambridge. ETEX just moved into the penthouse floor and will expand onto the 11th floor in the first half of 2011. The long term renewal on the 3rd floor of 38 Sidney will continue to serve as ETEX’s research, development and manufacturing operations.

Jones Lang LaSalle Executive Vice President Brendan Callahan negotiated the lease at 675 Massachusetts Avenue representing ETEX as the tenant. The building owner Intercontinental was represented by Jones Lang LaSalle Senior Vice Presidents John Osten and Peter Bekarian, and Associate Molly Heath. Brendan negotiated on behalf of ETEX at 38 Sidney Street. Representing University Park owner Forest City Enterprises, Inc. was Colliers Meredith & Grew Executive Vice President Joseph Flaherty and Forest City Senior Vice President Tucker Hansen.

““ETEX’s expansion in a challenging economic climate is a testament to our ability to efficiently manufacture and effectively market best in class technology for skeletal repair,” said Brian Ennis, President & CEO of ETEX. “We are well positioned for future growth and excited to expand our operations in the Biotech hub of Cambridge.”

“One Central Plaza was a great fit for ETEX in that ownership offered aggressive and flexible terms for rare high rise office space in Cambridge that it is walking distance to their lab & manufacturing space, on top of public transportation with beautiful vistas of Cambridge and the Boston Skyline”  added Brendan Callahan.

Central Plaza, in the heart of Central Square, totals 208,458 square feet in two buildings. It consists of 14-story One Central Plaza, and 5-story Two Central Plaza located at 130 Bishop Allen Drive.

Located on more than 27 acres in the heart of the biotech cluster in Cambridge, University Park at MIT is a master-planned, 2.3-million-square-foot, mixed-use development that includes ten state-of-the-art bioscience research and office buildings; 674 units of mixed-income apartments; a 210-room hotel and conference center; restaurants and retail space; a health club and childcare center and structured parking for 2,700 cars. University Park has made a significant positive contribution to

Cambridge’s economy through thousands of construction jobs, the 4,000 permanent jobs generated by the corporations within the campus, and more than $11 million contributed annually to the Cambridge tax base.

About ETEX Corporation                  
Established in 1989, ETEX Corporation develops, manufactures and commercializes calcium phosphate-based biomaterials for improved orthopedic clinical outcomes. A leader in bioresorbable bone substitute materials, ETEX focuses on expanding applications through combinations with cells, biologics, or therapeutic agents delivered in minimally invasive and easy to use systems. For more information, visit

About Intercontinental                
Established more than 50 years ago, Intercontinental is an SEC registered investment advisor and real estate operating company with expertise in real estate investment development, construction management and asset management. The company has developed real property assets, valued in excess of $6 billion, across all property types, including commercial, mixed use, hotels, recreational and residential projects.

About Forest City                         
Forest City Enterprises, Inc. is a $7.2 billion NYSE-listed real estate company headquartered in Cleveland, Ohio. The Company is principally engaged in the ownership, development, acquisition and management of commercial and residential real estate throughout the United States. The Company's portfolio includes interests in retail centers, apartment communities, office buildings and hotels in 21 states and the District of Columbia. Further information on University Park at MIT, the company, its capabilities, and its innovative urban portfolio is available at and

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 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.6 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 approximately $40 billion of assets under management. For further information please visit our Web site,

About Colliers Meredith & Grew

Colliers Meredith & Grew is a Boston-based commercial real estate company with integrated service groups including Brokerage, Capital Markets, Counseling & Valuation, Development & Advisory, Investment Sales, and Property & Asset Management. In addition to representing its core clients in New England, Colliers Meredith & Grew provides national and international real estate services to its multi-market clients as a member of Colliers International and as an owner/member of Strategic Alliance Mortgage LLC (SAM). Colliers International is a worldwide affiliation of independently owned and operated companies in more than 294 offices in 61 countries.