Sanofi Pasteur Extends 53,401 SF Lease at University Park at MIT in Cambridge, MA

Sanofi Pasteur Extends 53,401 SF Lease at University Park at MIT in Cambridge, MA

BOSTON – Sanofi Pasteur has entered into a long-term lease extension with Thirty-Eight Sidney Street Limited Partnership, a partnership between Forest City Enterprises and M.I.T., for 53,401 square feet at 38 Sidney Street, located in University Park at MIT in Cambridge, Mass. Sanofi Pasteur will continue to occupy the top two floors of the five-story, 122,000-square-foot laboratory research building.

Joe Flaherty and Tucker Hansen of Colliers Meredith & Grew represented the landlord, Forest City. Louis W. Kluger of Zell Partnership, Inc. represented Sanofi Pasteur in the transaction. Specifics of the lease extension were not disclosed.

Sanofi Pasteur, the vaccines division of the sanofi-aventis Group, provided more than 1.6 billion doses of vaccine in 2009, making it possible to immunize more than 500 million people across the globe. A world leader in the vaccine industry, Sanofi Pasteur offers the broadest range of vaccines protecting against 20 infectious diseases.

University Park at MIT, developed by Forest City Enterprises, is a 27-acre, mixed-use urban campus located directly adjacent to the Massachusetts Institute of Technology. The Park has 2.3 million square feet of space including 10 research and office buildings, five residential complexes, 250,000 square feet of hotel, restaurant and retail space, structured parking for 2,700 cars, and acres of open parkland. The 10 commercial buildings are occupied primarily by biotech/life science companies including such industry leaders as Millennium/Takeda, Novartis, Partners Healthcare, Sanofi Pasteur, Vertex, Genzyme, ARIAD and Aveo.

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