Medford Lab Development Site Auctioned for $5.5M
A Medford life science development site once appraised at $52 million in 2022 was sold at a foreclosure auction to a car-wash holding company.
A Medford life science development site once appraised at $52 million in 2022 was sold at a foreclosure auction to a car-wash holding company.
A failed Medford lab development provides a stark example of how Massachusetts’ rapidly retreating life sciences market left some developers and lenders high and dry.
A foreclosure auction is scheduled next month for a development site near Medford’s Wellington Circle approved for a $200 million life science tower.
Boston-based developer RISE completed its acquisition of a Medford restaurant property approved for a $200 million life science tower.