A life science company will relocate from Cambridge to Watertown, and will lease a space on Coolidge Avenue.
Foghorn Therapeutics will move its 112 employees from Kendall Square to 99 Coolidge Ave., the former Mount Auburn Club owned by the National Development and Alexandria Real Estate Equities, reported the Boston Business Journal.
“We are very excited about this move and for most of our employees, the commute will be shorter,” Karin Hellsvik, Foghorn’s VP of corporate affairs told the BBJ’s Hannah Green.
The company will lease 72,850 sq. ft. of the building, which will serve as the principal executive offices and support R&D, manufacturing and related activities, according to a report on Stock Titan. The cost of the year one of the lease of is $3.9 million for 45,000 RSF (rentable square feet), $5.2 million for 60,000 RSF in year 2, and $6.3 million for year 3.
The building at 99 Coolidge Ave. is also home to Revival Cafe.