Biogen Inc. is in advanced negotiations to consolidate its Kendall Square operations in MIT’s upcoming Volpe redevelopment, several real estate sources told the Business Journal, a move that would carry major ramifications for the neighborhood and a sluggish regional lab market.
The university’s real estate arm is about to begin demolishing Kendall’s Volpe transportation complex to make way for nearly 3 million square feet of mixed-use development, including four commercial buildings.
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