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Central Mass. by the Numbers

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Northboro life sciences building sold for $33M

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. ....

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Jones Lang LaSalle Inc. (via Public) / Boston-area life science and industrial facility trades to JV for $33M

Boston-area life science and industrial facility trades to JV for $33M
BOSTON, March 2, 2021 - JLL Capital Markets announced today that it has closed the $33 million sale of Sanofi Genzyme s Northborough Global Operations Center, a fully net-leased, 212,000-square-foot GMP-certified industrial facility in the suburban Boston community of Northborough, Massachusetts.
JLL represented the buyer, joint venture partnership between Wheelock Street Capital and Camber Development, which acquired the asset from Chicago-based Capri Egm. Additionally, JLL has been engaged by the new owner to source post-acquisition financing.
Sanofi Genzyme s Northborough Global Operations Center is occupied by Sanofi Genzyme, a biotechnology company based in Cambridge, Massachusetts, under a long-term net lease, and the company uses the property as a packaging, testing and distribution facility. The building was completed in 1987 and features a cGMP-warehouse space - which refers to the Current ....

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