NEWS

Amid lab space glut, a big lease at last

The recently finished life science building in Watertown has landed two tenants

It took longer than expected, but The Davis Companies’ big bet on Watertown Square is paying off with the region’s largest lease deal for newly built lab space so far this year.

Davis and its partner Boston Development Group just inked a deal with serial biotech entrepreneur Greg Verdine that would bring two of Verdine’s startups into nearly 120,000 square feet at 66 Galen St. in Watertown. That’s more than half of the leasable space in Davis’ recently-finished 224,000-square-foot building across the Charles River from the square.