News

Anika Therapeutics Signs 5-Year Lease Renewal On Bedford Global HQ

Anika Therapeutics extended the lease on its 134k SF global headquarters earlier this month, Bisnow has learned through a Securities and Exchange Commission filing. The 120-employee Bedford biotech company's $7.6M lease extension through 2022 adds to revived interest in the Route 128 tech corridor over the escalating prices of Cambridge and the Seaport.

In 2007, Anika moved from Woburn to its current location at 32 Wiggins Ave. after the property was vacated by Millipore — now a subsidiary of Merck. Anika initially signed an $8.3M, 10.5-year lease and completed a $30M renovation on the building to fit both its corporate headquarters and its manufacturing operations for products used to treat osteoarthritis. The company's stock has hit record highs in recent years as it has produced new viscosupplements. This is the first of four lease extension options articulated in the original 2007 lease.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Boston Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Boston Property Owners Raise Alarms About Cost Of Electric-Building Push

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

How A New Financing Model Helps Spur More Mixed-Income Housing

Law Firm Relocating To South Station Tower: The Boston Deal Sheet