NxStage Medical Inc. (NASDAQ:NXTM) has some new digs on the Merrimack River in northern Massachusetts.
The Lawrence, Mass.-based dialysis maker said it signed an 11-year lease to move its company headquarters a few blocks north to a converted mill space owned by 350 Riverwalk, LLC. The company will start its new lease in June 2012 and will pay $14.50 per square foot for just under 90,000 square feet of space. NXTM officials expect to increase that footprint to 141,000 by the end of the lease term.
The company currently leases 52,000 square feet of space at its headquarters on South Union Street in the mill city.