What: One Cabot
Where: Medford
Owner: The Davis Cos. and Partners Group
Built: 1988
A Cambridge biotech company that specializes in infectious disease diagnostics is the first lab tenant to lease space at One Cabot Road.
Torus Biosystems, which raised $25 million in venture capital funding in spring 2021, will occupy 23,570 square feet at the 309,000-square-foot building near Wellington Circle.
The Davis Cos. is building out two additional spec lab suites totaling 52,000 square feet which will become available in eight and 15 months.
New York-based Partners Group recently formed a joint venture with The Davis Cos. on ownership of the property, which is being positioned to attract additional life science tenants.
They Said It:
“We see strong thematic investing opportunities within life sciences and this investment is well positioned to capitalize on future tailwinds in the sector. The life sciences sector is experiencing record growth, with an increase in employment fueling demand for R&D, laboratory and lab-office space.”
— Ron Lamontagne, managing director of private real estate Americas, Partners Group