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A Compendium of Property & Capital News
Jun 24
A Compendium of Property & Capital News

C4 Therapeutics Follows Biotech Trend to Watertown; C&W Completes 45,000 SF Lease

July 12, 2017 - By The Real Reporter
490 Arsenal Way, Watertown MA

BOSTON—C4 Therapeutics will soon move to LINX in Watertown from Kendall Square thanks to a 45,000-sf lease brokered by Cushman & Wakefield. The 185,000-sf creative office and lab building owned by Boylston Properties adds the biotechnology company to its growing tenant line-up. Duncan Gratton, Executive Director for Cushman & Wakefield, and Kate Lien, Senior Director, represented Boylston Properties, while Neil Ross and Tucker Hansen of JLL represented C4 Therapeutics.

Known for its creation of breakthrough technologies that treat a number of diseases without the issue of drug resistance, C4 Therapeutics looks forward to its relocation given its close proximity to other biotech firms. “We are very excited about relocating to the LINX building and to calling Watertown our new home,” says Andy Phillips, CEO of C4 Therapeutics. With this move from Cambridge to Watertown, C4 Therapeutics is proving that growth, innovation, and the advancement of research initiatives are taking place in communities outside of Kendall Square. “LINX is a spectacular work environment that offers us the ideal spot to grow as a company. We like the proximity to other biotechs and we are also thrilled to be part of the vision for growth and rejuvenation in and around Arsenal Yards,” adds Phillips.

Cushman & Wakefield’s team recognizes this trend of biotech companies moving to Watertown and sees C4 Therapeutics’ relocation as encouraging others to follow. “C4 Therapeutics commitment to LINX is a validation of the East End of Watertown’s location for life science companies that are currently located in Cambridge,” notes Gratton. “We have a lot of leasing momentum and are seeing an increasing number of Cambridge lab and technology companies touring LINX. We expect to be signing additional leases in the near future.”

“The East End of Watertown is the ideal location for C4 Therapeutics,” adds Bill McQuillan, President of Boylston Properties. Boylston Properties sees the building’s location in a thriving neighborhood as one of the main draws for tenants. “Not only does the proximity to Boston and Cambridge make the location attractive to technology and life science companies, but the location offers a walkable, urban neighborhood with new housing, retail, restaurants, and two new hotels.”

Situated at 490 Arsenal Way, LINX’s location in the up-and-coming neighborhood of the East End of Watertown makes it more desirable to tenants, but its modern amenities play a key role as well. The two-story building opened in April 2017 consists of an acre of outdoor green and recreation space, a 33’ high lobby area with a café, bike storage, and a high-end shower and locker facility.

Andy Phillips Duncan Gratton Bill McQuillan Outdoor recreation space at LINX