Biogen offloads nearly $600M in Cambridge real estate — making room for a Broad Institute expansion
The fallout of the Covid-19 pandemic is still playing out more than two and a half years after it began, and the newest effects impacting the biopharma industry fall directly on real estate.
Real estate developer BXP said Wednesday that it acquired a building in Cambridge, MA from Biogen for $592 million. The building, located at 125 Broadway in Cambridge, MA, is in Cambridge’s biotech hub in Kendall Square, home to other companies such as Thermo Fisher Scientific and Moderna.
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