Akebia Therapeutics More than Doubles Space in Cambridge, Mass

Photo: LoopNet

Akebia Therapeutics, Inc. has amended its lease with Jamestown Premier 245 First, LLC for the company’s headquarters on the eleventh floor of 245 First St in Cambridge, Mass.

Pursuant to the amendment, Akebia has agreed to rent an additional 8,530 square feet of office space contiguous with its existing space, which currently totals 6,837 square feet. The term of the lease has not changed and expires on December 31, 2016.

Akebia estimates it will take occupancy of the expanded premises on February 1, 2015. The additional monthly lease payments will be $45,000, with annual rent escalations thereafter.

245 First Street in the Kendall Square neighborhood of Cambridge is comprised of two properties, including 245 First Street, a ten-story Class A office building situated above a 334-space, eight-story structured parking garage, and a six-story life science facility, Cambridge Science Center. The two buildings are connected by a large glass atrium.

The property offers views of the Charles River and the Boston skyline. Tenants at have an opportunity to blend office and lab space in one complex. The property is a combination of adaptive reuse and newer, high-rise construction.