100 Staples Drive, Framingham. Courtesy photo

The new owner of 100 Staples Drive in Framingham is marketing the vacant 160,000-square-foot campus as office and lab space.

Calare Properties acquired the property last month for $9.5 million and has hired CBRE as leasing agent.

Calare is positioning the property as part of a growing lab cluster in Framingham offering rent discounts to urban life science locations.

Set on 11.5 acres, the property includes flexible floor plates, over 13-foot ceiling heights and 30-by-30-foot column spacing. Developers plan capital improvements including a new café and installation of clean building technology, including enhanced ventilation.

“Framingham is quickly growing as a hub for life sciences research, development and manufacturing within the MetroWest region’s thriving biotech ecosystem,” Todd Barclay, senior vice president of acquisitions at Calare, said in a statement.

The MetroWest lab market had 178,732 square feet of positive absorption in the second quarter, according to CBRE’s MarketView report. Average asking rents hit all-time highs of $70.58 on a triple-net basis, a $5.42 increase over the first quarter.

Overall, Boston suburbs have 1.1 million square feet of positive absorption in lab space since in 2021, CBRE reported.

Calare Markets Lab Space at New Framingham Acquisition

by Steve Adams time to read: 1 min
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