NEEDHAM, MA— The Bulfinch Companies, Inc., a private real estate investment, development and management firm, announced today that it has signed a long-term lease with Dana-Farber Cancer Institute at Life Time Center, Greater Boston’s premier wellness and medical destination, which officially opened on June 1st.
Developed and owned by an affiliate of Bulfinch, this 290,000 square foot mixed-use property is prominently situated on Route 9, at the gateway to Chestnut Hill’s well-established retail, business and medical corridor and in close proximity to the world-renowned Longwood Medical Area.
“We are honored that Dana-Farber has selected Life Time Center following an exhaustive and highly selective search,” said Robert A. Schlager, President of Bulfinch. “Dana-Farber’s lease completes our vision of establishing the premier medical and wellness facility in Greater Boston.”
Dana-Farber has leased two floors at the property, located at 300 Boylston St. in Chestnut Hill, MA, as an extension of the Institute’s main campus in the Longwood Medical Area. This 140,000 square foot lease brings Life Time Center to more than 95 percent leased and concludes Bulfinch’s successful redevelopment and repositioning of the former Atrium Mall into an innovative hub for medical and wellness users.
The state-of-the-art building is targeting LEED Silver Certification featuring numerous sustainable elements as well as large efficient floor plates, a sunlit atrium, fully renovated five-level 1,000+ car parking garage and “smart park system” coupled with convenient access to public transit by way of a private Life Time Center shuttle to the MBTA Chestnut Hill green line. In addition, the property is just steps from over one million square feet of urban conveniences within three newly reinvented mixed-use developments.
Dana-Farber’s Chestnut Hill expansion to Life Time Center is expected to open to patients in late 2019. In addition to clinical trials, this new facility will provide patient care, including exams, infusions, and supportive services to newly diagnosed adult cancer patients, as well as follow-up and survivorship care.
“With additional treatment options, clinical trials, and innovative therapies, we need more space for patient care,” said Craig A. Bunnell, MD, MPH, MBA, Chief Medical Officer, Dana-Farber. “Life Time Center will provide our patients an option in an easily accessible area with ample parking and amenities.
The number of patients cared for by Dana-Farber has continued to grow since the opening of the Yawkey Center for Cancer Care in 2011. Providing added facilities at Life Time Center in nearby Chestnut Hill will provide patients a convenient option for care with Dana-Farber’s world class physicians and other medical professionals.
“We are thrilled to have assisted Dana-Farber in expanding its clinical reach while helping to bring Bulfinch’s vision to reality,” said Robert B. Richards, Managing Partner at Transwestern Consulting Group who directed Dana-Farber’s search for space. “Life Time Center satisfied a number of needs for Dana-Farber in their mission of providing exceptional care in terms of location, accessibility and design.”