Genzyme signs big lease for office space in Westborough
[VIA BOSTON GLOBE]
Genzyme Corp., a Cambridge biotechnology company, has signed a seven-year lease for 114,000 square feet of space at an office building in Westborough. Later this year, it plans to relocate operations from a satellite office in Framingham, Ferris Development Group said.
The 283,000-square-foot building at One Research Drive was bought in November by 25 clients of Ferris Capital LLC, along with seven other investors for $21.5 million.
At the time, the building was 50 percent vacant. With the Genzyme lease, it will have 93 percent occupancy, Ferris Development said.
Using its in-house construction team, Ferris Development embarked on significant renovations to the building, it said. They included a new lobby and a new stone facade entrance, along with the creation of a patio.