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Northboro life sciences building sold for $33M
NORTHBORO Sanofi Genzyme’s Northboro Global Operations Center, a 212,000-square-foot life sciences building located at 11 Forbes Road, sold for $33 million last month.
The property was purchased from CEGM Northborough, a subsidiary of Chicago-based Capri EGM, to a joint venture between Connecticut real estate investment firm Wheelock Street Capital and Boston real estate investor Camber Development.
The Northboro Assessors Office values the 19.3-acre property to be worth $22,430,400.
Sanofi Genzyme, a biotechnology company based in Cambridge, has a long-term lease at the property and uses the two buildings as a packaging, testing and distribution facility.