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Boston & New England  + Office  |  February 28, 2020
Paul Bubny
By: Paul Bubny

Nan Fung Life Sciences Buys Boston Offices from Brookfield

An affiliate of Hong Kong-based Nan Fung Group has acquired 51 Sleeper St. on the edge of Boston’s Fort Point and Seaport District from Brookfield Properties, the Boston Business Journal reported.

Boston-based Nan Fung Life Sciences Real Estate paid $115 million for the 152,102-square-foot property, according to Suffolk County property records. Brookfield acquired 51 Sleeper for $91 million in late 2018, and planned to reposition the property as Three Seaport. Nan Fung Life Sciences Real Estate plan to convert the property to a 50/50 mix of office and lab space.

“The need for innovative and scalable research laboratory space in Boston is high. We are proud to be able to provide the resources for more companies to grow here,” said Matthew Powers, CEO of Nan Fung Life Sciences Real Estate. Powers launched Nan Fung’s Boston office in November 2019.

Image courtesy of Brookfield Properties.

For comments, questions or concerns, please contact Paul Bubny

Read More News Stories About: Brookfield Properties
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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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