MassChallenge Inc., one of the key promoters of the start-up culture in Boston, has a new home in the waterfront neighborhood that it helped transform into the city’s Innovation District.
The organization is losing its lease next July in a prominent waterfront high-rise and had considered moving to the Fenway area, but instead will relocate to the nearby Boston Design Center, located in a massive early-20th-century warehouse at the center of the 200-acre Marine Industrial Park.
The Design Center’s new owner, an Atlanta-based property company named Jamestown, is giving MassChallenge about 25,000 square feet of office space, for five years — free.
Jamestown’s chief operating officer said the company is hoping the deal will pay dividends by attracting other technology companies to the complex, which the firm has renamed the Innovation and Design Building. Full story for BostonGlobe.com subscribers.
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