Hobbs Brook Management Inks 10-year Lease with Shire

Leading global biotech company to relocated 850 employees to 95 Hayden Avenue in Lexington

WALTHAM, MA,  July 12, 2016 Hobbs Brook Management LLC, a commercial property management and development firm specializing in leasing, construction and development of Class A office space, announced that Shire has signed an 10-year lease for approximately 200,000 SF at 95 Hayden Avenue in Lexington, Mass. Shire is the leading global biotechnology company focused on serving people with rare diseases and other highly specialized conditions. They have best-in-class products available in more than 100 countries across core therapeutic areas including Hematology, Immunology, Neuroscience, Lysosomal Storage Disorders, Gastrointestinal / Internal Medicine / Endocrine and Hereditary Angioedema; a growing franchise in Oncology; and an emerging, innovative pipeline in Ophthalmics.

The premier 4-story office building located off 128 was recently renovated to accommodate Shire and the 850 employees who will relocate to 95 Hayden Avenue. The company selected this location because it was in close proximity to its other facilities in Lexington.

Shire’s interior renovations were designed by Jacobs Global Building Design and included general office space with associated department support, new entry lobbies, conference and training rooms, centrally located kitchenettes, kitchen and catering facilities, dining areas, coffee bar, fitness area, and an executive boardroom. The existing cafeteria and dining space has been completely renovated to meet Shire’s food service program.

The design for the space complements the newly renovated building environment while supporting the functional goals of the Shire community. Shire has indicated that the space should convey an organization that reflects its own culture: innovative, responsible, engaging, collaborative. The stated goals for the renovation design included having a floor plan that is flexible and adaptable; maximizing natural daylight; building an interior with a contemporary design; and conveying a welcoming, inspiring and inclusive organization. Office areas have been designed as a combination of open, adaptable workspace with enclosed demountable private offices. Office wings are organized around two atria and include a primary circulation spine at each level acting as a connector to informal seating, collaboration areas and direct access to the kitchenettes.

Hobbs Brook Management has incorporated energy efficiency and green building practices in the construction and renovation of its properties for the last three decades. This approach to sustainability substantially reduces and eliminates negative environmental impacts, and, as an added benefit, green operations and management reduce operating costs, enhance building marketability, increase workers’ productivity, and reduce potential liability resulting from indoor air quality problems. The building at 95 Hayden was renovated to achieve LEED Gold and key sustainable components include thermal comfort design for employees, alternative transportation, lighting controls, enhanced commissioning of equipment and low-emitting materials including paint and carpet. Shire has created a “Sustainable Design Guide and Tour” which includes a descriptive pamphlet and self-guided tour showcasing the measures taken to make the building energy efficient.

Hobbs Brook Management’s principal architect, Brad Cardoso, AIA, was responsible for base building renovations; Jacobs Global Building Design provided the interior fit-out design; and Columbia Construction was the construction manager.

Chip Batchelderfrom Wyman Street Advisors handled the lease for Hobbs Brook Management. Robert Richards and Brian Cohen of Transwestern | RBJ represented Shire in lease negotiations and secured interim office space at 235 Wyman Street, also owned and managed by Hobbs Brook Management, for the company's near-term growth plans.

About Hobbs Brook Management LLC

Because the most valuable thing they develop is a relationship, Hobbs Brook Management focuses its efforts on satisfying the individual needs of customers that lease within their parks. A service-oriented provider of Class A business solutions to companies large and small, Hobbs Brook builds sustainably, maintains an on-site facilities management staff, and develops or renovates projects for energy efficiency, LEED certification, and the preservation of the local environment. With portfolios in Massachusetts, Rhode Island, Georgia and Illinois, Hobbs Brook offers competitive amenities, on-site catering and dining facilities, fitness centers, and a full-service conference center available to tenants and the public. Hobbs Brook enjoys a steady occupancy rate in the 90th percentile, and holds firm to the belief that tenants should feel secure, well-balanced and prevalent at work. For leasing options or additional information, please visit www.hobbsbrook.com.

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