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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.  ....

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