{"id":1434,"date":"2021-03-29T22:34:53","date_gmt":"2021-03-30T02:34:53","guid":{"rendered":"https:\/\/www.lee-associates.com\/boston\/?page_id=1434"},"modified":"2021-04-12T23:38:09","modified_gmt":"2021-04-13T03:38:09","slug":"research-and-development-lab-with-office-space-for-boston-based-biotech-company","status":"publish","type":"page","link":"https:\/\/www.lee-associates.com\/boston\/research-and-development-lab-with-office-space-for-boston-based-biotech-company\/","title":{"rendered":"Case Study &#8211; Boston-based Biotech Company"},"content":{"rendered":"<div id=\"pl-1434\"  class=\"panel-layout\" ><div id=\"pg-1434-0\"  class=\"panel-grid panel-has-style\" ><div class=\"siteorigin-panels-stretch panel-row-style panel-row-style-for-1434-0\" data-stretch-type=\"full\" ><div class=\"so-panels-full-wrapper\" ><div id=\"pgc-1434-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-1434-0-0-0\" class=\"so-panel widget widget_sow-headline panel-first-child\" data-index=\"0\" ><div class=\"panel-widget-style panel-widget-style-for-1434-0-0-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-headline so-widget-sow-headline-default-f8d8efd972d8-1434 so-widget-fittext-wrapper\"\n\t\t\t data-fit-text-compressor=\"0\"\n\t\t><div class=\"sow-headline-container \">\n\t\t\t\t\t\t\t<h4 class=\"sow-headline\">\n\t\t\t\t\t\t<b>CASE STUDY<\/b> Boston-based Biotech Company\t\t\t\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"decoration\">\n\t\t\t\t\t\t<div class=\"decoration-inside\"><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n<\/div><\/div><\/div><div id=\"panel-1434-0-0-1\" class=\"so-panel widget widget_sow-image panel-last-child\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-113ccd71f3e6-1434\"\n\t\t\t data-overlay-enabled=\"1\" data-overlay-settings=\"{&quot;enabled_for_widgets&quot;:[&quot;sow-image&quot;,&quot;sow-image-grid&quot;,&quot;sow-simple-masonry&quot;],&quot;theme&quot;:&quot;&quot;,&quot;show_delay&quot;:300,&quot;overlay_color&quot;:&quot;#000000&quot;,&quot;overlay_opacity&quot;:0.8,&quot;overlay_position&quot;:&quot;bottom&quot;,&quot;overlay_size&quot;:0.3,&quot;desktop_show_trigger&quot;:&quot;hover&quot;,&quot;touch_show_trigger&quot;:&quot;touch&quot;,&quot;responsive_breakpoint&quot;:&quot;1024px&quot;,&quot;responsive_breakpoint_unit&quot;:&quot;px&quot;,&quot;overlay_animation&quot;:&quot;fade&quot;,&quot;overlay_animation_onscreen&quot;:false,&quot;font_family&quot;:&quot;&quot;,&quot;text_size&quot;:&quot;15px&quot;,&quot;text_size_unit&quot;:&quot;px&quot;,&quot;text_color&quot;:&quot;#fff&quot;,&quot;text_padding&quot;:&quot;22px 22px 22px 22px&quot;,&quot;text_position&quot;:&quot;middle&quot;,&quot;text_align&quot;:&quot;left&quot;,&quot;text_animation&quot;:&quot;&quot;}\"\n\t\t>\n<div class=\"sow-image-container\">\n\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2021\/03\/bldg_cropped-01.jpg\" width=\"1039\" height=\"359\" srcset=\"https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2021\/03\/bldg_cropped-01.jpg 1039w, https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2021\/03\/bldg_cropped-01-512x177.jpg 512w, https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2021\/03\/bldg_cropped-01-768x265.jpg 768w\" sizes=\"(max-width: 1039px) 100vw, 1039px\" title=\"Case Study | Boston-based Biotech Company\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t<\/div>\n\n<\/div><\/div><\/div><\/div><\/div><\/div><div id=\"pg-1434-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-1434-1-0\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><div id=\"pgc-1434-1-1\"  class=\"panel-grid-cell\" ><div id=\"panel-1434-1-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"2\" ><div class=\"panel-widget-style panel-widget-style-for-1434-1-1-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h3><strong><span style=\"color: #009ad9\">OVERVIEW<\/span><\/strong><\/h3>\n<ul>\n<li>Boston, MA Suburban Market<\/li>\n<li>Biology \/ Tissue Culture Lab with Supporting Plug-N-Play Office Space<\/li>\n<li>9,172 SF including 45% Lab and 55% Office<\/li>\n<li>4 Year Lease Term, $14\/SF NNN, $29\/SF Gross<\/li>\n<li>Saved 25% vs Market, Accelerated Occupancy<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div><\/div><div id=\"panel-1434-1-1-1\" class=\"so-panel widget widget_sow-editor\" data-index=\"3\" ><div class=\"panel-widget-style panel-widget-style-for-1434-1-1-1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<blockquote>\n<p><i>\u201cAs we raised our growth round of financing, we needed growth space. The Lee &amp; Associates real estate advisory team made a tremendous impact facilitating a successful outcome for our firm.\u00a0 Their leadership, teamwork, and relentless efforts were outstanding!\u201d<\/i><\/p>\n<ul>\n<li class=\"p1\" style=\"text-align: left\"><i>CEO, Nirogy Therapeutics<\/i><\/li>\n<\/ul>\n<p style=\"text-align: left\">\n<\/blockquote>\n<\/div>\n<\/div><\/div><\/div><div id=\"panel-1434-1-1-2\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"4\" ><div class=\"panel-widget-style panel-widget-style-for-1434-1-1-2\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><em>For more information regarding this case study, please contact:<\/em><\/p>\n<p><span style=\"color: #009ad9\"><strong>ERIC SOLEM<\/strong><\/span><\/p>\n<p>Managing Principal | President<br \/>\n<strong>D\u00a0 <\/strong>(617) 906-5567<br \/>\nesolem@lee-associates.com<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #009ad9\"><strong>SCOTT PANNETON<\/strong><\/span><\/p>\n<p>Director<br \/>\n<strong>D\u00a0 <\/strong>(978) 551-6077<br \/>\nspanneton@lee-associates.com<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pgc-1434-1-2\"  class=\"panel-grid-cell panel-grid-cell-mobile-last\" ><div id=\"panel-1434-1-2-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"5\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h2><strong>The Challenge<\/strong><\/h2>\n<p>Nirogy Therapeutics (\u201cNirogy\u201d), a biotech company founded in Boston, Massachusetts, is developing small molecule therapeutics in cancer with a special focus in the areas of immuno-oncology, autoimmunity, and inflammation therapy.<\/p>\n<p>Nirogy exclusively engaged Lee &amp; Associates to identify, negotiate and secure a research and development laboratory. The space requirements included the need for a biology and tissue culture lab infrastructure with supporting office space that could accommodate up to 40 employees.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-1434-1-2-1\" class=\"so-panel widget widget_sow-editor\" data-index=\"6\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h2><strong>Our Approach<\/strong><\/h2>\n<p>The team implemented a multi-criteria decision analysis process to help rationalize the search, collected market information across a number of submarkets in the suburban Boston market, and analyzed an exhaustive set of options. As a short list of sites were confirmed, the team initiated discussions with brokers and owners to provide a full understanding of each opportunity.<\/p>\n<p>Additionally, Lee &amp; Associates introduced an architectural, engineering and construction team early on in the process to provide time-critical advice enabling the Nirogy management team and board of advisors to evaluate options, mitigate risk and accelerate time of delivery.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-1434-1-2-2\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"7\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h2><strong>The Outcome<\/strong><\/h2>\n<p>After an initial co-working lab space became too constrained and could no longer meet Nirogy\u2019s growth needs, the Lee &amp; Associates team moved quickly to identify and recommend viable custom build alternatives.<\/p>\n<p>For each of the preferred sites, the Lee &amp; Associates team parallel tracked the architectural design, structural engineering and construction timeline for site due diligence. Not only did Lee &amp; Associates save over a half million in costs versus market alternatives, the team was able to secure time-critical \u201cswing space\u201d for occupancy during construction which allowed Nirogy to proceed with key strategic hires immediately!<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-1434-1-3\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><div id=\"pg-1434-2\"  class=\"panel-grid panel-has-style\" ><div class=\"siteorigin-panels-stretch panel-row-style panel-row-style-for-1434-2\" id=\"blog\" data-stretch-type=\"full\" ><div class=\"so-panels-full-wrapper\" ><div id=\"pgc-1434-2-0\"  class=\"panel-grid-cell\" ><div id=\"panel-1434-2-0-0\" class=\"so-panel widget widget_sow-headline panel-first-child\" data-index=\"8\" ><div class=\"panel-widget-style panel-widget-style-for-1434-2-0-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-headline so-widget-sow-headline-default-f8d8efd972d8-1434 so-widget-fittext-wrapper\"\n\t\t\t data-fit-text-compressor=\"0\"\n\t\t><div class=\"sow-headline-container \">\n\t\t\t\t\t\t\t<h4 class=\"sow-headline\">\n\t\t\t\t\t\t<b>NEW<\/b> FROM THE MEDIA CENTER...\t\t\t\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"decoration\">\n\t\t\t\t\t\t<div class=\"decoration-inside\"><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n<\/div><\/div><\/div><div id=\"panel-1434-2-0-1\" class=\"so-panel widget widget_sow-post-carousel panel-last-child\" data-index=\"9\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-post-carousel so-widget-sow-post-carousel-base-215c8bf91f26-1434\"\n\t\t\t\n\t\t>\t<div\n\t\tclass=\"sow-post-carousel-wrapper sow-post-carousel-theme-base\"\n\t\tstyle=\"overflow: hidden; max-width: 100%; min-height: 182px\"\n\t>\n\t\t<div class=\"sow-carousel-title\">\n\t\t\t<div class=\"sow-carousel-navigation \">\n\t\t\t\t\t\t<a href=\"#\" class=\"sow-carousel-next\" title=\"Next\" aria-label=\"Next Posts\" role=\"button\"><\/a>\n\t\t\t\t\t\t<a href=\"#\" 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https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2024\/11\/Market-Reports-Social-Media-Templates-Generic2-272x182.png )\"\n\t\t\t\t\taria-labelledby=\"sow-carousel-id-3838\"\n\t\t\t\t\ttabindex=\"-1\"\n\t\t\t\t>\n\t\t\t\t\t<span class=\"overlay\"><\/span>\n\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t<h3 class=\"sow-carousel-item-title\">\n\t\t\t<a\n\t\t\t\thref=\"https:\/\/www.lee-associates.com\/boston\/2026\/08\/06\/q2-2026-boston-office-market-report\/\"\n\t\t\t\tid=\"sow-carousel-id-3838\"\n\t\t\t\t\t\t\t\ttabindex=\"-1\"\n\t\t\t>\n\n\t\t\t\tQ2 2026 Boston Office Market Report\t\t\t<\/a>\n\t\t<\/h3>\n\t<\/div>\n\t\t<div class=\"sow-carousel-item\" tabindex=\"-1\" style=\"float: left;\">\n\t\t<div class=\"sow-carousel-thumbnail\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\thref=\"https:\/\/www.lee-associates.com\/boston\/2026\/08\/06\/q2-2026-boston-industrial-market-report\/\"\n\t\t\t\t\t\t\t\t\t\tstyle=\"background-image: url( 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https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2026\/05\/Quarterly-Economic-Report-Graphic-272x182.png )\"\n\t\t\t\t\taria-labelledby=\"sow-carousel-id-3833\"\n\t\t\t\t\ttabindex=\"-1\"\n\t\t\t\t>\n\t\t\t\t\t<span class=\"overlay\"><\/span>\n\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t<h3 class=\"sow-carousel-item-title\">\n\t\t\t<a\n\t\t\t\thref=\"https:\/\/www.lee-associates.com\/boston\/2026\/08\/06\/q2-2026-economic-report\/\"\n\t\t\t\tid=\"sow-carousel-id-3833\"\n\t\t\t\t\t\t\t\ttabindex=\"-1\"\n\t\t\t>\n\n\t\t\t\tQ2 2026 Economic Report\t\t\t<\/a>\n\t\t<\/h3>\n\t<\/div>\n\t\t<div class=\"sow-carousel-item\" tabindex=\"-1\" style=\"float: left;\">\n\t\t<div class=\"sow-carousel-thumbnail\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\thref=\"https:\/\/www.lee-associates.com\/boston\/2026\/08\/06\/q2-2026-north-america-market-reports\/\"\n\t\t\t\t\t\t\t\t\t\tstyle=\"background-image: url( https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2025\/08\/Market-Report-GraphicmTemplates-e1761755384815-272x182.png )\"\n\t\t\t\t\taria-labelledby=\"sow-carousel-id-3827\"\n\t\t\t\t\ttabindex=\"-1\"\n\t\t\t\t>\n\t\t\t\t\t<span class=\"overlay\"><\/span>\n\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t<h3 class=\"sow-carousel-item-title\">\n\t\t\t<a\n\t\t\t\thref=\"https:\/\/www.lee-associates.com\/boston\/2026\/08\/06\/q2-2026-north-america-market-reports\/\"\n\t\t\t\tid=\"sow-carousel-id-3827\"\n\t\t\t\t\t\t\t\ttabindex=\"-1\"\n\t\t\t>\n\n\t\t\t\tQ2 2026 North America Market Reports\t\t\t<\/a>\n\t\t<\/h3>\n\t<\/div>\n\t\t<div class=\"sow-carousel-item\" tabindex=\"-1\" style=\"float: left;\">\n\t\t<div class=\"sow-carousel-thumbnail\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\thref=\"https:\/\/www.lee-associates.com\/boston\/2026\/05\/26\/q1-2026-north-america-market-reports-2\/\"\n\t\t\t\t\t\t\t\t\t\tstyle=\"background-image: url( https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2025\/08\/Market-Report-GraphicmTemplates-e1761755384815-272x182.png )\"\n\t\t\t\t\taria-labelledby=\"sow-carousel-id-3791\"\n\t\t\t\t\ttabindex=\"-1\"\n\t\t\t\t>\n\t\t\t\t\t<span class=\"overlay\"><\/span>\n\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t<h3 class=\"sow-carousel-item-title\">\n\t\t\t<a\n\t\t\t\thref=\"https:\/\/www.lee-associates.com\/boston\/2026\/05\/26\/q1-2026-north-america-market-reports-2\/\"\n\t\t\t\tid=\"sow-carousel-id-3791\"\n\t\t\t\t\t\t\t\ttabindex=\"-1\"\n\t\t\t>\n\n\t\t\t\tQ1 2026 North America Market Reports\t\t\t<\/a>\n\t\t<\/h3>\n\t<\/div>\n\t\t<div class=\"sow-carousel-item\" tabindex=\"-1\" style=\"float: left;\">\n\t\t<div class=\"sow-carousel-thumbnail\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\thref=\"https:\/\/www.lee-associates.com\/boston\/2026\/05\/26\/q1-2026-economic-report\/\"\n\t\t\t\t\t\t\t\t\t\tstyle=\"background-image: url( 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and 55% Office 4 Year Lease Term, $14\/SF NNN, $29\/SF Gross Saved 25% vs Market, Accelerated Occupancy &nbsp; \u201cAs we raised our growth round of financing, we needed growth space. The Lee &amp; Associates real estate advisory team made a tremendous impact facilitating a successful outcome for our firm.\u00a0 Their leadership, teamwork, and relentless efforts&#8230;<\/p>\n","protected":false},"author":139,"featured_media":1438,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1434","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Case Study - Boston-based Biotech Company - Lee &amp; Associates - Boston<\/title>\n<meta name=\"description\" content=\"Nirogy exclusively engaged Lee &amp; Associates to identify, negotiate and secure a research and development laboratory.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/boston\/research-and-development-lab-with-office-space-for-boston-based-biotech-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Case Study - Boston-based Biotech Company\" \/>\n<meta property=\"og:description\" content=\"Nirogy exclusively engaged Lee &amp; 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