Print
Email
Print Edition StoriesTuesday, December 2, 2008
Biogen expected to move to Weston
By Mass High Tech Staff
Biogen Idec Inc. has confirmed plans to pack up its Cambridge headquarters and move to the suburb of Weston in 2010, according to online reports.
Although the biotech giant only acknowledged that it recently signed a lease for 350,000 square feet of office space at an undeveloped site, the Boston Business Journal reports that Biogen (Nasdaq: BIIB) will relocate to the Weston Corporate Centre, owned by Boston Properties Inc.
The BBJ reported that Biogen will move between 400 and 600 staff members in its finance, legal and human resources departments from the current 960,000-square-foot location at 14 Cambridge Center to the new facility. The company will retain about 400,000 square feet of lab space and 200,000 square feet of manufacturing space in Cambridge, according to the BBJ.
Biogen told the BBJ that the lower cost of commercial real estate in the suburbs provided the reason for the move.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
RSS Feeds
