Regeneron Pharmaceuticals Signs 116,200 SF Expansion With BioMed Realty At Landmark At Eastview
Campus Now Over 99 Percent Leased
NEW YORK, Aug. 24, 2015 /PRNewswire/ -- Regeneron Pharmaceuticals Inc. has signed a nine-year lease expansion with BioMed Realty Trust Inc. for 116,200 square feet at the Landmark at Eastview, bringing the campus to more than 99 percent leased. The premier life sciences company now leases more than 1.1 million square feet at The Landmark at Eastview campus in Tarrytown, New York. BioMed Realty was represented by Transwestern Partner Matthew McDevitt in the transaction.
"We are proud to extend our valued relationship with Regeneron Pharmaceuticals," said BioMed's Alan D. Gold, chairman and chief executive officer. "Transwestern is a highly regarded firm that we've had the pleasure of working with on a number of significant biotech transactions along the East Coast, and we are excited to continue working with them to build leasing momentum at The Landmark."
Owned and managed by BioMed Realty, The Landmark at Eastview is one of the largest multi-tenant science parks in the state. The research park is located only 30 minutes from Manhattan in central Westchester County in the Saw Mill River Valley near the Hudson River. Encompassing 140 acres, The Landmark at Eastview contains eight buildings with more than 1.4 million rentable square feet of research and development facilities and high-tech office space.
Peter Capuciati and Alex Blue of Savills Studley represented Regeneron Pharmaceuticals in the transaction.
ABOUT BIOMED REALTY TRUST
BioMed Realty, with its trusted expertise and valuable relationships, delivers optimal real estate solutions for biotechnology and pharmaceutical companies, scientific research institutions, government agencies and other entities involved in the life science industry. BioMed Realty owns or has interests in properties comprising approximately 18.7 million rentable square feet. Additional information is available at www.biomedrealty.com. Follow us on Twitter @biomedrealty.
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the New York office, follow @TranswesternNYC.
Kelsey Da Silva