Boston – MassDevelopment recently issued a $233,195,000 bond on behalf of Dana-Farber Cancer Institute, Inc., a Boston-based world leader in cancer treatment and research. Dana-Farber is using bond proceeds to partially fund the purchase of approximately 203,000 rentable square feet and to fit out a condominium and 50,983 rentable square feet of leased space at 360 Longwood Avenue for research. The Institute will also use proceeds to partially fund the relocation of its Cell Manipulation Core Facility to its Smith Building at One Jimmy Fund Way, and to replace the building’s HVAC system.
“Dana-Farber Cancer Institute is a dynamic leader in advancing the understanding of cancer and related diseases, and we are proud to support its expansion with this bond,” said MassDevelopment President and CEO Marty Jones. “This project will add more than 700 jobs to the Commonwealth’s world-class healthcare industry, strengthening a sector that is essential to our state economy.”
