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.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.