BioMed Realty has announced the acquisition of an existing 162,000-square-foot office building and adjacent 7.5-acre site at Assembly Square in Somerville, Mass. The Assembly Square campus will be developed in phases and represents a total of 1.3 million square feet of best-in-class, purpose-built innovation space for research, technology and life science tenants.
The Assembly Square location is a strategic addition to BioMed Realty’s established portfolio of lab and office space in nearby Cambridge and Boston’s Longwood Medical Area and Seaport District. The Assembly Square site further strengths BioMed Realty’s leadership position as an owner and operator of one of the largest life science real estate portfolios in the area. In close proximity to the Massachusetts Institute of Technology (MIT), Harvard and other top-tier research and education institutions, Assembly Square provides convenient access to world-leading scientific research, established biotech companies a
