CBRE/NE Announces Corbus Pharmaceuticals Triples Its Footprint in Norwood

New lease signed for 32,733 SF at 500 River Ridge Drive

BOSTON--()--CBRE/New England today announced that Corbus Pharmaceuticals has strengthened its relationship with Cornerstone Corporation, entering into an agreement with the management agent for River Ridge Office Park, to expand and relocate within River Ridge Office Park in Norwood, Mass. The Phase 3 clinical-stage pharmaceutical company will move into a newly renovated 32,733 SF facility at 500 River Ridge Drive from a 10,414 SF space at 100 River Ridge Drive.

“Corbus has grown significantly since its founding in 2014, with our lead drug anabasum demonstrating positive Phase 2 clinical results in systemic sclerosis and cystic fibrosis,” commented Corbus CFO Sean Moran. “We are rapidly expanding our staff to continue the development of anabasum and have outgrown our existing space.

“Norwood has proven to be a very appealing location as it offers great value and provides a short, convenient commute for our employees,” Moran continued. “By continuing to work with Cornerstone, our expansion in River Ridge Office Park in Norwood has been fast and seamless. We are readying to move in early 2018.”

Noted Peter Celona of Cornerstone Corporation, “We are thrilled to strengthen and expand our relationship with an innovative, growing biotech company such as Corbus Pharmaceuticals. We are pleased that Corbus continues to see the value that Norwood and River Ridge Office Park offer its employees and business.”

CBRE/NE’s Curtis Cole and Matt Siciliano represented Corbus Pharmaceuticals. CBRE/NE’s Nat Kessler and Patrick Joyce represented Cornerstone Corporation.

500 River Ridge Drive is a premier office building located on Route 1 with easy and convenient access to shopping and restaurants. The property was renovated in 2016, featuring a new café, conference/training rooms, lobby, roof and parking lots. A Marriott Courtyard Hotel is located next door, as well as a full complement of services and retail amenities on Route 1. 500 River Ridge Drive is easily accessible via Route 128 or from two nearby exits off Interstate 95 (three highway access points).

About CBRE/New England
CB Richard Ellis – N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. Please visit our website at www.cbre-ne.com. CBRE Group, Inc. (NYSE: CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The company has approximately 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.

Contacts

InkHouse for CBRE/NE
Christine Lewis, +1 617-957-2443
christine@inkhouse.com

Release Summary

CBRE/New England announces that Corbus Pharmaceuticals triples its footprint, to expand & relocate within River Ridge Office Park in Norwood, Mass.

Contacts

InkHouse for CBRE/NE
Christine Lewis, +1 617-957-2443
christine@inkhouse.com