Takeda today announced that it has signed a 15-year lease with BioMed Realty for approximately 600,000 square feet of research and development (R&D) and office space to be built at 585 Third Street in Kendall Square. The state-of-the-art facility will allow Takeda, the largest life sciences employer in Massachusetts, to create a purpose-built R&D facility with laboratories of the future featuring modern design elements and upgraded technology to support the company in its efforts to advance innovation for patients. The new facility will support Takeda’s efforts to redefine the future of work by adopting flexible workspaces to maximize in-person interaction and connection under a flexible and hybrid working model. The company will also expand its existing space in 650 East Kendall to include two additional floors, making Takeda the sole laboratory and office tenant in that building.
The agreement with BioMed Realty further expands Takeda’s presence in Kendall Square, a hub for life sciences, and is part of the company’s long-term strategy to create one Cambridge campus in Kendall Square, unifying Takeda’s Global R&D center in Cambridge and co-locating R&D with businesses and other operations. Takeda will eventually transition teams from Central Square to Kendall Square over time. Takeda will maintain a presence in Lexington as its suburban location.
Takeda is a sponsor of the MLSC’s Massachusetts Next Generation Initiative (MassNextGen) program that helps fortify the ability of women-led companies to leverage additional sources of capital and support to bring cutting edge innovation to the marketplace. Takeda was also a 2016 Tax Incentive awardee that provides incentives to companies, of all sizes, looking to expand their efforts by creating new, long-term jobs in Massachusetts.