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Northborough Life Science Property Trades for $33M

A joint venture between Wheelock Street Capital and Camber Development has acquired the Sanofi Genzyme Northborough Global Operations Center, a 212,000-square-foot life sciences building in Northborough, MASS. The sales price was $33 million.

Located on more than 19 acres, the property is currently fully leased. The facility is located at 11 Forbes Rd. in Northborough, just outside of Worcester. Completed in 1987, the building features a cGMP-warehouse space for shipping and receiving, quality control and cold and high-bay racking storage, along with offices and a laboratory.

Coleman Benedict, Matthew Sherry, Ben Sayles, Michael Restivo and Corbin Stall of JLL represented the buyer in the transaction. The seller was Chicago-based Capri EGM.

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JLL's Benedict

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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