Lyndra Inc., an oral drug delivery company that recently received $23 million in series A financing led by Polaris Partners, has leased 14,450 square feet at Cresset Development’s 65 Grove St. in Watertown.

65 Grove St. contains 120,000 square feet of office, medical, R&D and life science-ready space.

Cresset acquired the property in 2014 and recently completed renovations of interior space and installation of a new roof and building systems to improve energy efficiency. Other new amenities include a new courtyard, structured parking, common areas and interior bicycle storage.

Lyndra is relocating from 134 Coolidge Ave. in Watertown. The company announced in May the receipt of a five-year grant by the National Institute of Allergy and Infectious Diseases for development of a weekly oral HIV therapy.

Newmark Knight Frank’s Phil Giunta, George Nugent and Dan Krysiak represented Cresset Development in the lease negotiation. Commonwealth Standard Realty represented Lyndra Inc.

Drug Company Commits To New HQ In Watertown

by Steve Adams time to read: 1 min