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McCord Acquires 65K-SF Life Science Facility in Boston

Houston and Boston-based opportunistic real estate company McCord has acquired 30 Bearfoot, a 64,736-square-foot biomanufacturing and research and development facility in Boston’s MetroWest Life Sciences Cluster. The sales price was not disclosed.

McCord is implementing extensive renovations to 30 Bearfoot to provide a modern aesthetic and environment fit for mission critical life science companies. The facility is formerly home to GlaxoSmithKline (GSK). Boston’s MetroWest life sciences cluster is home to leading life science companies such as AbbVie, Boston Scientific, Sanofi Genzyme and Sunovion. McCord acquired 30 Bearfoot from a subsidiary of Alexandria Real Estate Equities who owned the property for 15 years.

“Our approach to real estate is intentional. As we evaluate existing buildings for repositioning or land for new development, we look at how we can positively impact not only the asset, but the surrounding community,” said Ryan McCord, president at McCord. “Boston, just like Houston, is a hub of innovation. Now more than ever it is critical for us to deliver human-centric real estate experiences in these innovation hubs to promote further advancements within the medical and life science fields.”

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About David Cohen

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.

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