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Transactions - AUGUST 4, 2022

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Breakthrough Properties commences construction of premier life sciences research center along East Cambridge Waterfront

by Released

Breakthrough Properties, backed by a joint venture of Tishman Speyer and Bellco Capital, has commenced construction on the redevelopment of One Canal by Breakthrough, a four-story lab and office building in East Cambridge, Mass.

The property, acquired by Breakthrough in 2021, is being updated to accommodate more than 105,000 square feet of high-quality research and development space.

One Canal by Breakthrough comes at a time when East Cambridge's total office and lab space availability hovers around 1 percent. The Greater Boston area remains the nation's No. 1 life sciences hub and a top destination for companies drawn to its leading academic institutions, research universities and hospitals, as well as its highly skilled workforce. Situated along the First Street corridor, which connects Kendall Square/MIT Redline to the new Lechmere Green Line T station, and facing Canal Park with its waterfront location, One Canal by Breakthrough offers companies an unbeatab

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