BANKER & TRADESMAN: Sanofi Genzyme Signs Lease For 47 Percent Expansion

Sanofi Genzyme, in collaboration with Ferris Development Group LLC, has expanded in Westborough.

The lease for 53,879 square feet is a 47 percent expansion. Sanofi Genzyme now occupies 167,901 square-feet inside the class A office building on One Research Drive along Route 9.

Since its purchase in February 2014, Ferris Development Group has made renovations, including a new lobby, stone façade entrance and outdoor patio. The building’s cafeteria and 140-seat auditorium/training area were upgraded and a new video conferencing center was added. The building also has WiFi, an ATM and a 4,000-square-foot fitness center with locker rooms and showers. Sanofi Genzyme moved into 114,022 square feet in the fourth quarter of 2014.

Partners John Lashar and Paul Leone and Associate McKenna Teague of Transwestern | RBJ represented Ferris Development Group LLC in the expansion. Louis Kluger with JM Zell Partners Ltd. represented Sanofi Genzyme in the lease expansion with assistance from JM Zell’s Jeff Zell and...