Colliers Brokers $25M Sale of Life Science Redevelopment in Boston’s Seaport
Colliers International has arranged the $25 million sale of the leasehold interest in One Au Bon Pain Way, a 1.4-acre life science redevelopment opportunity in Boston’s Seaport district.
The property provides substantial opportunity to add new life science product in a neighborhood that is transitioning from an urban relief valve to an increasingly established life science submarket within the Seaport. With close to zero vacancy in Cambridge, life science companies are flocking to growing Boston districts, such as the Seaport, South End and Fenway neighborhoods.
Frank Petz and John Nasca of Colliers represented the seller, Panera Bread, in the transaction. The buyer was local owner and developer Marcus Partners.
For comments, questions or concerns, please contact David Cohen