27 Drydock Avenue

Beacon Capital Acquires Lease of 27 Drydock for $261M

Beacon Capital Partners has acquired the long term lease of 27 Drydock Avenue in the Seaport from Related Beal for $261,915,053.99 . The 286,000 square foot lab building was originally constructed in 1918 is currently home to several prominent life science tenants including Dana Farber and Gingko Bioworks. Related Beal purchased the rights to property in December 2016 for $146.5M.

$1.78M Permit Pulled for Motif Foodworks Fit-Out at 27 Drydock Ave

The Richmond Group has pulled a permit valued at $1.78M for the fit-out of Motif Foodworks space at 27 Drydock Avenue. The 10,600 square foot space on the 2nd floor will feature a dedicated area for culinary research as well as lab, research, and office space. Work includes demo of existing space with the install of new drywall, partitions, lighting plus all-new millwork and architectural finishes.

$3M Lab/Office Fit-Out Permit Pulled for Ginkgo Bioworks Space at 27 Drydock

A permit valued at over $3M has been pulled by The Richmond Group for the fit-out of the lab/office space on the 8th floor of 27 Drydock in the Seaport, home of Ginkgo Biowoks. The biotech startup founded by MIT grad students and their then-professor raised $290M in new funding this past fall and now has a valuation of $4B. 

Electrical Upgrades Underway at 27 Drydock Avenue

Related Beal is making electrical upgrades that will provide a secondary electrical service for future tenant use. These upgrades include exterior trenching and a new transformer provided by Eversource.

 Office space at 27 Drydock Avenue is 90% occupied, with 19 tenants including anchor Dana-Farber Cancer Institute. 

A Look Inside Dana Farber Cancer Institute Harbor Campus

Located in South Boston the new facility was designed by MDS with Suffolk Construction as the general contractor.

The Lurie Family Imaging Center, an animal research facility in which imaging is performed by specialist imaging scientists and technicians, rather than the investigators themselves. A remote location is feasible, and indeed preferable, to limit the number of visitors entering the barrier facility

A research lab developing and testing methods that can later be applied in main campus translational research labs. A Chemistry Core investigating promising therapeutic compounds that are not deemed commercially profitable by biotechnology companies. 

The Medical Records, coding, and transcription functions of the Health Information Systems department linked electronically to the main campus clinical treatment departments. Materials Management receiving, storage, and order-picking functions, with nightly just-in-time shuttles to the main campus. Relocation of bulk receiving and storage freed up valuable main campus space for clinical use and reduced truck traffic in the congested Longwood Medical Area

Cryogenic Storage Core Facility including liquid nitrogen storage containers, -20 and -80 freezers.

The project was completed using Touchplan, a construction software that allows developers to plan, implement, and monitor projects in their entirety. The innovative software gives developers the ability to see the full spectrum of their project down to every last detail. Touchplan has let developers keep their projects on or ahead of time leading to lower costs and more efficient construction.

Related Beal acquires 286,160 square foot Seaport R&D building for $146.5 million

Related Beal has acquired 27 Drydock Avenue, a 286,160 square foot research and development (R&D) building in the Seaport District, for $146.5 million, or about $512 per square foot. With the acquisition of 27 Drydock Avenue, Related Beal has assumed the property’s ground lease from the City of Boston’s Economic Development and Industrial Corporation. The ground lease which was recently extended through 2086.