Biotech Firm Cancels Rockville HQ Plans, Is Immediately Replaced

A London biotech company has backed out of plans to establish a U.S. headquarters in Rockville, Maryland, but with the life sciences market still red hot, the developer has already landed another tenant to fill the new building. 
Autolus Therapeutics announced Monday its full-building, 85K SF lease with Alexandria Real Estate Equities at the 9950 Medical Center Drive development has been mutually terminated. 
The company announced the lease signing in January 2019, and it said it planned to create 170 jobs and invest $28M in the build-to-suit deal for its U.S. headquarters in Rockville. In Monday’s announcement, it said the termination triggered a cash payment to Autolus and ends the company’s obligations under the lease….

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