BioMed Realty and medical technology company TransMedics Group, Inc. announced Monday that TransMedics had signed a full building, 498,000-square-foot lease at Assembly Innovation Park in Somerville, MA. The recently constructed 12-story commercial research and development facility will serve as TransMedics’ new global headquarters and manufacturing hub.
The Boston Business Journal reported that the lease is among the largest signed for commercial office and lab space in the Boston area in the past year. In addition to leasing 100% of the newly developed building for 16 years, TransMedics acquired the adjacent land parcel and portion of the parking structure within the campus to support future growth.
“We selected our new headquarters to support the full scale and complexity of our mission,” said Waleed Hassanein, M.D., President and CEO of TransMedics. “Our innovation will accelerate and thrive in this world-class facility that BioMed Realty built.”
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