Boston – Breakthrough Properties, a leading global developer, owner, and operator of life sciences real estate, announced it has secured agreements with several mission-driven biotech companies to occupy One Canal by Breakthrough, its recently-redeveloped four-story lab and office building in East Cambridge, Massachusetts.
Prebuilt suites across two floors of the high-quality research and development building were leased to Larkspur Biosciences, Incendia Therapeutics and Deep Genomics and will be fully occupied concurrent with construction completion. Construction on suites for One Canal’s two remaining floors is underway, with completion slated for the first quarter of 2025.
One Canal encompasses 112,000 square feet of new lab and office space within one of the world’s top innovation ecosystems. The building features flexible lab and office layouts, a ground floor lounge, high quality fitness center, first and second floor collaboration spaces, building concierge, a winter garden, waterfront views of the canal and park, above-market parking ratio and onsite retail options.
Breakthrough Properties, a joint venture of Tishman Speyer and Bellco Capital, acquired One Canal in 2021 and has transformed it into a world-class life science research center catering to biotech companies in the heart of the bustling ecosystem of the East Cambridge market.
“We are thrilled to welcome Incendia, Larkspur Biosciences and Deep Genomics to the stunning new ecosystem we have cultivated at One Canal,” said Breakthrough Properties Chief Business Officer Susie Harborth. “These companies are at the forefront of next-generation technologies including AI and machine learning, precision-oncology and RNA-based therapies. We look forward to expanding this community of innovative, impact-driven companies at our premier One Canal site.”
“We are excited to partner with Breakthrough in this next phase of Larkspur’s evolution,” said…