RXi Signs Lease For 7,500SF in Marlborough
RXi Pharmaceuticals of Westborough has signed a five-year lease for 7,581 square feet of office and laboratory space in Marlborough, according to a filing Friday with the U.S. Securities and Exchange Commission.
RXi will move into a portion of 257 Simarano Drive starting April 1. The pharmaceutical company will pay $107,710 for Suites 101 and 104 in its first year, with rent increasing by roughly 3 percent in each of the subsequent four years.
Suites 101 and 104 are now occupied by Pointcare and Jaimie Hood, according to the filing. The landlords consist of several limited liability companies affiliated with O’Brien Commercial Properties in Marlborough.
The property at 257 Simarano Drive consists of a 54,598-square-foot main building and two annex buildings with a combined 14,100 square feet.
(Image Credit: freedigitalphotos.net)
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