DivcoWest Announces Collegium Pharmaceutical as One Lincoln Tenant
DivcoWest, a DivCore Capital company and a leading national commercial real estate investment firm, has announced that Collegium Pharmaceutical, a biopharmaceutical company focused on developing innovative medicines for central nervous system (CNS) and pain-related conditions, has signed a lease for 40,288 square feet at One Lincoln, one of Boston’s premier Class A office towers. The new lease covers the building’s 11th and 12th floors and marks an important addition to the growing roster of tenants occupying the recently transformed property in the heart of Boston’s Financial District.
The agreement reflects the continued demand for modern, amenity-rich office environments that provide companies with high-quality workplaces while offering employees convenient access to transportation, wellness facilities, and collaborative workspaces. For Collegium Pharmaceutical, the move establishes a new corporate headquarters in one of Boston’s most connected business locations, while for DivcoWest it reinforces the successful repositioning of One Lincoln as a destination for organizations spanning financial services, technology, professional services, and now the life sciences sector.
The transaction also highlights broader trends emerging across the Greater Boston commercial real estate market, where companies are increasingly taking advantage of favorable market conditions to relocate into upgraded office spaces that better support employee engagement, collaboration, and long-term business growth.
A Landmark Building Reimagined for the Modern Workplace
One Lincoln has become one of Boston’s most recognizable commercial office properties following an extensive redevelopment and repositioning completed in 2025.
The 36-story, 1.1-million-square-foot office tower underwent a comprehensive transformation designed to meet the changing expectations of today’s workforce and corporate tenants.
Rather than simply modernizing the building’s physical infrastructure, DivcoWest focused on creating an environment that blends premium office space with hospitality-inspired amenities, flexible work environments, wellness facilities, and collaborative gathering areas.
The redevelopment reflects the growing recognition that workplace design has become an important factor in employee recruitment, retention, productivity, and overall corporate culture.
The addition of Collegium Pharmaceutical further demonstrates the building’s ability to attract organizations seeking both functional office space and an enhanced workplace experience.
Collegium Pharmaceutical Establishes a New Headquarters
Collegium Pharmaceutical selected One Lincoln as the location for its new corporate headquarters after evaluating factors including accessibility, location, workplace quality, and employee experience.
The company specializes in developing medicines that incorporate innovative formulation and delivery technologies for patients living with complex central nervous system disorders and chronic pain conditions.
As a growing biopharmaceutical organization operating within one of the nation’s leading life sciences hubs, Collegium sought an office environment capable of supporting continued expansion while providing employees with a modern and highly connected workplace.
The leased space encompasses more than 40,000 square feet across two floors, giving the company flexibility to create collaborative workspaces, meeting areas, executive offices, and environments tailored to its evolving business needs.
The relocation also positions Collegium within Boston’s thriving innovation ecosystem, surrounded by healthcare organizations, research institutions, financial firms, technology companies, and professional service providers.
Strategic Location in Boston’s Financial District
One of the major attractions for Collegium Pharmaceutical was One Lincoln’s location within Boston’s Financial District.
The building sits only steps away from South Station, one of New England’s largest transportation hubs.
South Station provides direct access to:
- Amtrak rail service
- MBTA subway lines
- Commuter rail connections
- Regional bus services
The property’s location also offers convenient access to major highways, including:
- Interstate 93
- Massachusetts Turnpike
In addition, Boston Logan International Airport is located within approximately five miles, providing convenient domestic and international travel options for employees, clients, and business partners.
This extensive transportation connectivity supports hybrid work models while making commuting easier for employees throughout the Greater Boston region.
Supporting Employee Experience
In today’s competitive labor market, workplace quality has become an increasingly important consideration for employers seeking to attract and retain highly skilled professionals.
Organizations are no longer evaluating office buildings solely on the basis of square footage or rental costs.
Instead, companies increasingly prioritize locations that promote employee well-being, encourage collaboration, and create engaging workplace experiences.
One Lincoln was redesigned specifically to support these evolving priorities.
The building incorporates hospitality-inspired design principles intended to create a welcoming, service-oriented environment throughout the property.
This emphasis on employee experience aligns closely with changing workplace expectations following the widespread adoption of flexible and hybrid work arrangements.
Extensive Amenities for Modern Tenants
As part of its comprehensive repositioning, One Lincoln now offers an extensive package of amenities designed to enhance both employee wellness and workplace collaboration.
Among the property’s features are:
- A two-story health and wellness club
- Dedicated wellness suites
- Exclusive tenant dining facilities
- Flexible conference and meeting spaces
- A full game room
- Rooftop basketball court
- Rooftop pickleball court
These amenities are intended to create an environment that supports physical wellness, professional collaboration, and employee engagement while encouraging greater use of office space.
Rather than functioning solely as a workplace, the building has been designed as a destination that integrates work, wellness, and community.
Diverse Tenant Community
Collegium Pharmaceutical joins an already diverse group of organizations occupying One Lincoln.
Current tenants include companies spanning multiple industries, demonstrating the building’s versatility and broad appeal.
Among the organizations already located within the property are:
- HarbourVest
- Lovable
- Sherin and Lodgen
- CFGI
- WeWork
These tenants represent sectors including:
- Global private equity
- Artificial intelligence
- Legal services
- Financial advisory
- Flexible office solutions
The arrival of Collegium Pharmaceutical introduces a growing life sciences presence into this diverse business ecosystem, further expanding the building’s cross-industry tenant mix.
DivcoWest Highlights Building Flexibility
Commenting on the announcement, Mark Roopenian, Managing Director at DivcoWest, noted that Collegium Pharmaceutical’s decision to establish its headquarters at One Lincoln reflects the property’s ability to accommodate organizations across a wide range of industries.
He explained that welcoming a leading life sciences company demonstrates the flexibility of the building and reinforces its appeal as a next-generation workplace.
According to Roopenian, the combination of premium office environments, hospitality-driven amenities, and proximity to South Station creates a compelling workplace experience for employers seeking to foster collaboration and employee engagement.
He also emphasized DivcoWest’s enthusiasm for partnering with Collegium as the company establishes its new headquarters.
Market Trends Favor Office Upgrades
The transaction also reflects broader trends currently shaping Boston’s commercial office market.
According to Justin Dziama, Principal at Avison Young, companies throughout Greater Boston are increasingly taking advantage of changing market conditions to upgrade their office environments.
Rather than simply renewing leases in existing locations, many organizations are relocating to higher-quality buildings that provide improved employee accessibility and stronger urban presence.
Dziama explained that One Lincoln offered Collegium an opportunity to simultaneously enhance workplace quality, improve commuting convenience, and strengthen its corporate identity through a single relocation decision.
As office markets continue to evolve, premium buildings with extensive amenities and superior transportation access have demonstrated greater resilience in attracting tenants.
Strong Leasing Momentum
Representatives of DivcoWest believe Collegium’s lease further demonstrates the positive leasing momentum generated by One Lincoln’s redevelopment.
Gil Dailey, Executive Managing Director at Newmark, noted that the transaction reflects sustained demand for highly activated office environments that combine premium locations with modern workplace amenities.
According to Dailey, companies increasingly recognize the importance of providing employees with engaging workspaces that support both individual productivity and organizational collaboration.
He stated that One Lincoln has quickly established itself as a compelling destination for organizations seeking high-quality office environments within downtown Boston.
Professional Representation
The leasing transaction involved experienced commercial real estate advisors representing both parties.
Newmark’s Gil Dailey and Dave Martel represented DivcoWest during lease negotiations.
Avison Young’s Justin Dziama and Connor Hayes represented Collegium Pharmaceutical.
The collaboration between the brokerage teams helped facilitate an agreement that aligns with both Collegium’s workplace objectives and DivcoWest’s long-term leasing strategy for the property.
Collegium Pharmaceutical’s decision to establish its new headquarters at One Lincoln represents an important milestone for both the company and DivcoWest’s ongoing transformation of one of Boston’s premier office towers. By leasing more than 40,000 square feet within the recently repositioned building, Collegium gains a highly accessible, amenity-rich workplace designed to support employee collaboration, organizational growth, and long-term business success.
For DivcoWest, the transaction reinforces One Lincoln’s growing reputation as a next-generation workplace capable of attracting organizations across multiple industries, including life sciences, technology, finance, and professional services.
As companies continue to prioritize modern office environments that enhance employee experience while offering exceptional connectivity and flexible workspaces, One Lincoln appears well positioned to remain a leading destination within Boston’s evolving commercial real estate landscape. The addition of Collegium Pharmaceutical further strengthens the building’s diverse tenant community and highlights the continued demand for premium office space in strategically located urban centers.
About DivcoWest
Founded in 1993 by Stuart Shiff, DivcoWest, a DivCore Capital Company, is a vertically integrated, real estate investment firm headquartered in San Francisco, with offices in Cambridge, Los Angeles, Menlo Park, Washington DC, Austin, and New York City. Known for long-standing relationships and experience across the risk-spectrum in innovation markets, DivcoWest combines entrepreneurial spirit with an institutional approach to commercial real estate.
DivcoWest aims to create environments that inspire ingenuity, promote growth, and enhance health and well-being. Since inception, DivcoWest and its predecessor have acquired approximately 66.9 million square feet of commercial space, primarily throughout the United States. DivcoWest’s real estate portfolio currently includes existing and development properties in the office, R&D, lab, industrial, retail, and multifamily spaces. www.divcowest.com. Follow @DivcoWest on LinkedIn.
About DivCore
DivCore Capital is an innovative real estate manager with a proven track record of delivering creative solutions that generate returns for investors. Through two real estate platforms, DivcoWest, a private equity firm headquartered in San Francisco, CA, and LoanCore Capital, a lender headquartered in Greenwich, CT, the company manages approximately $32.4 billion in total assets on behalf of institutional investors. DivCore Capital has a presence in target innovation and growth markets across the U.S. and employs over 270 professionals across real estate investment, lending, development, asset and property management.