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Lab area is even tighter, with rents topping $seventy one per square foot on common, while the emptiness price dropped to 3 p.c in the first quarter, in accordance with real property firm Transwestern. Alnylam Pharmaceuticals this month negotiated a "proper of first supply" arrangement with real estate agency BioMed Realty Trust to occupy the building at 500 Kendall Street that now houses Genzyme —three years from now.
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