Alexandria (ARE) Announces Lease Extension at Kendall Square

Alexandria Real Estate Equities, Inc. (ARE) recently clinched a renewal and 10-year lease extension with Takeda Pharmaceutical, a longstanding credit tenant, for 222,925 rentable square feet at 75/125 Binney Street at Kendall Square in the Cambridge submarket.Being a significant early renewal, the lease extension will run through Mar 31, 2040. This move will ensure steady rental revenues from this property for the long term.Takeda is an R&D-driven & patient-focused pharmaceutical company, providing highly i ...