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BioMed Realty and TransMedics Group, Inc. have announced a major lease agreement at Assembly Innovation Park in Somerville, Massachusetts. TransMedics has signed a full-building lease for the newly constructed 12-story facility, totaling 498,000 square feet. The state-of-the-art commercial research and development facility will now serve as the global headquarters and manufacturing hub for the medical technology company.

According to the Boston Business Journal, the 16-year lease marks one of the largest commercial office and lab space agreements signed in the Boston area over the past year.

In addition to the facility lease, TransMedics has acquired an adjacent land parcel and a portion of the site’s parking structure to support future expansion efforts.

“We selected our new headquarters to support the full scale and complexity of our mission,” said Waleed Hassanein, M.D., President and CEO of TransMedics. “Our innovation will accelerate and thrive in this world-class facility that BioMed Realty built.”

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