ARE-480 ARSENAL STREET, LLC, a subsidiary of Alexandria Real Estate Equities, Inc., has extended the lease term for Tetraphase Pharmaceuticals, Inc at 480 Arsenal St in Watertown, Mass.
Tetraphase Pharmaceuticals’ leases covering this space were set to expire on July 31, 2015. Under the amended lease, the base term was extended and will now expire on November 30, 2016.
According to its most recent annual report, Tetraphase Pharmaceuticals occupies 23,728 square feet of office, research and laboratory space in the building.
The lease agreement says that the Tetraphase Pharmaceuticals will pay base rent in the amount of $57,910.87 per month starting June 1, 2016 through the extended lease term’s expiration. The lease also says that no broker was involved with this extension.
480 Arsenal St in Watertown is a 141,548 square foot, Class A building that delivered in 2007, according to LoopNet, which is the source for the photo on this page. The property is located less than five miles from Interstate 90, the Massachusetts Turnpike, and is situated close to the Arsenal Mall.