The RMR Group Announces Vertex Pharmaceuticals’ 15-Year Lease Renewal for 1.1 Million Square Feet in Boston’s Seaport District
The RMR Group Inc. - Class A (RMR)
NASDAQ:AMEX Investor Relations:
rmrgroup.com/investors-and-media/default.aspx
Company Research
Source: Business Wire
NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced the early renewal of the Vertex Pharmaceuticals Incorporated (“Vertex”) lease for 1.1 million square feet of office and laboratory space at 50 Northern Avenue and 11 Fan Pier Boulevard in Boston, Massachusetts. Vertex’s existing lease, which expires in December 2028, was extended for approximately 15 years, through June 2044.Adam Portnoy, President and Chief Executive Officer of RMR, made the following statement:“The Vertex lease extension exemplifies the successful execution of The RMR Group’s strategy to create value for our clients. We have cultivated a strong relationship with Vertex, which has resulted in their recommitting to their flagship location in Boston’s Seaport District for a 15-year lease extension that enhances the value of our clients’ assets. We look forward to continuing our longstanding relationship with Vertex and providing them with a supportive environment for Vertex to pursue transf
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Earnings
- 8/1/24 - Beat
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Sec Filings
- 10/2/24 - Form 3
- 9/19/24 - Form 4
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- RMR's page on the SEC website