NFK to Represent Replimune in Leasing Former Metro West News for Pharma Space

August 13, 2018 - By The Real Reporter

33 New York Avenue, Framingham

FRAMINGHAM– Replimune has selected Newmark Knight Frank (NFK) to represent the pharmaceutical company in leasing a 63,728 sq. ft. space from King Street Properties, located at 33 New York Avenue, Framingham. The site will become a state-of-the-art office/lab/pharma manufacturing space. NFK Executive Managing Directors, Richard Ruggerio and Mark Winters, will lead the acquisition.

Founded in 2015, Replimune is headquartered in Woburn, Massachusetts. The company has raised more than $100 million in its IPO of common stock. Once construction and validation are complete, the full-service GMP facility will be used to produce Replimune’s product candidates and ultimately support product launch, pending successful completion of clinical studies and regulatory review. Replimune will take occupancy of the new space once the initial shell build-out is completed in Q3 2019.

Ruggiero elaborated on the success of the collaboration and the site. “We are pleased to have assisted Replimune is this transaction, allowing Replimune to locate a state of the art facility to accommodate its expanding business needs,” extolled Ruggiero. “33 New York Avenue was the perfect fit for our client, due to its centralized location, planned renovation, and ownership’s depth of life science experience.”

King Street Properties, an owner/operator of life science real estate in greater Boson, acquired 33 New York Avenue in February 2018. The single-story building had been vacant since December 2017, when Metro West Daily News relocated its offices. King Street is renovating the property and expanding it with a 9,000-square-foot addition, bringing the total square footage to 107,350. In addition, the firm plans to create new pedestrian walkways, make parking improvements and upgrading landscaping. NKF represented Replimune in the lease negotiations and Kevin Hanna and Paul Leone of Cushman & Wakefield represented the landlord, King Street Partners, in the transaction.