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JV Acquires New Haven Offices with Repositioning Plans
Winchester Partners, a joint venture of Twining Properties, L+M Development Partners and the Goldman Sachs Urban Investment Group, acquired Higher One’s corporate headquarters in New Haven’s Science Park at Yale.
Deal terms weren’t disclosed. The JV will reposition the 145,000-square-foot property as Winchester Works, geared toward office and life sciences tenants ranging from 5,000 to 75,000 square feet.
“Winchester Partners’ vision for a new town center in the old factory where Yale-driven tech companies can live and work is exactly what the state needs to accelerate economic growth,” said David Lehman, Connecticut State Commissioner for Economic Development.
“We are proud to be part of Science Park, which serves as a critical engine for innovation and discovery in New Haven,” said Sherry Wang at Goldman Sachs Urban Investment Group. “We look forward to a long and successful relationship with strategic local partners, including those in government and at local institutions.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
