Forest City Enterprises, Inc.    
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 Our Capabilities
Client: Millennium Pharmaceuticals, Inc., Cambridge, MA

Requirement: Create a 750,000 square foot flexible corporate headquarters and R&D campus phased in four build-to-suit buildings over five years, in a premier research and development cluster.

Solution: Forest City provided fully zoned and permitted sites, designed, built, and financed the build-to-suit buildings, and managed the coordination of tenant design and construction activities. Forest City provided Millennium a long-term lease in a structure that allowed them to keep the transaction off their balance sheet and minimized their capital investment in real estate.

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Millennium Pharmaceuticals
Partners HealthCare System
The University of Pennsylvania
Massachusetts Institute of Technology
photos: Bruce Martin Photography;
Peter Vanderwalker; Justin Maconochie