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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 ....
/PRNewswire/ Capri EGM, an investment company specializing in corporate build-to-suit and sale leaseback financing, and the acquisition of income generating. ....
Sanofi Genzyme Biomanufacturing Center Sells To Wheelock Street Capital The Sanofi Genzyme distribution facility at 11 Forbes Road in Northborough. A private equity firm is betting on an anticipated biomanufacturing boom, buying a Sanofi Genzyme distribution facility in Central Massachusetts. An affiliate of Wheelock Street Capital purchased 11 Forbes Road in Northborough last week from Chicago-based investment company Capri EGM for $33M, according to Worcester County land records. The 250K SF property was renovated out of a former Poland Spring distribution facility. “We believe the pandemic has only increased the need for these types of assets and have highlighted their importance,” Capri EGM co-Chairman and CEO Shelby Pruett said in a statement Thursday. ....