Once Planned for Biomanufacturing Campus, Andover Facility Sells for $67M
Alexandria bought the huge facility in early 2022 as part of a $341 million, eight-property deal to take advantage of drugmaking demand that never materialized.
Alexandria Takes Loss in Sale of Andover Property
A Lawrence buyer snapped up an Andover office building put on the market by Alexandria Real Estate Equities after just over two years of ownership.
In Andover, a Welcome Mat for Biotech Growth
Andover already has about 2 million square feet of building space devoted to life sciences, and is looking to add even more.
Hot Property: Brickstone Square
Tenants have signed 11 long-term leases this year totaling 275,800 square feet at the four-building Brickstone Square campus in downtown Andover.
Hot Property: Vicor Corp. Expansion
Beverly-based R.J. Connolly Brothers Inc. this month completed construction of an addition to Vicor Corp.’s headquarters and manufacturing facility in Andover.
Hot Property: 40 Shattuck Road
Cummings Properties’ 40 Shattuck Road office building in Andover is one of a dozen of the company’s suburban Boston-area properties to recently sprout a giant, orange sculpture this summer.
Hot Property: Innovation Park
University of Massachusetts-Lowell and Ora Inc. have signed a pair of long-term leases totaling 17,000 square feet at Innovation Park, a 200,000-square-foot corporate campus in Andover.
Columbia Gas to Plead Guilty to Federal Charges Over Explosions
A utility company blamed for a series of natural gas explosions in the Merrimack that left one person dead and damaged dozens of homes has agreed to plead guilty to breaking pipeline safety laws,
CIM Group Buys Andover Industrial Property for $26M
A 127,400-square-foot flex and manufacturing building in Andover has been acquired for $26 million by CIM Group.
IT Firm Relocates to Cummings Office Property in Andover
A national information technology provider is relocating its Massachusetts offices from Andover to Cummings Properties’ 40 Shattuck Road in Andover.
Andover Flex Property Sells for $26.25M
An Andover flex facility being used as an advanced research facility has sold for $26.25 million.
Gillette Rethinking Real Estate Footprint in Boston and Andover
Procter & Gamble is looking to shake up its real estate footprint in Massachusetts including its 34-acre Gillette World Shaving Headquarters campus in South Boston, which has been increasingly surrounded by booming development activity in the past decade.
Andover Office Building Sells for $8.27M
An Andover office building near the intersection of Interstates 93 and 495 has sold for $8.27 million.
San Francisco Investors Continue Boston Expansion With Andover Office Building
Berkeley Partners has purchased an Andover office building, its second acquisition in the Greater Boston area.
Andover Data Center Sold for $15M
Holliday Fenoglio Fowler (HFF) arranged the $15 million sale and $9 million in financing for 15 Shattuck Road in Andover.
Nearly 36 Miles of Pipeline Replaced after Gas Explosions
The utility company involved in last month’s explosions and fires in Massachusetts said it has replaced nearly 36 miles of main pipeline in the area.
NH Manufacturer Opening Andover Facility
A New Hampshire manufacturer of precision tools used in the semiconductor and electronics industries will open its first Massachusetts location in Andover.
Surplus Money Could Fund Disaster Relief, DeLeo Says
Last year’s state budget surplus could provide funding to help Merrimack Valley residents and businesses struggling to recover from an ongoing natural gas emergency, according to House Speaker Robert DeLeo, who said he’s confident that lawmakers would unite around an aid package, if necessary.
Baker Boots Columbia Gas, Moulton Cites ‘Human Mistake’
Gov. Charlie Baker on Friday afternoon declared a state of emergency in the wake of a series of gas fires and explosions in the Merrimack Valley, handing over control of the response to Eversource in place of the local utility that Lawrence Mayor Dan Rivera said had been “hiding from the problem.”
Day Care Center Signs Long-Term Lease in Andover Minuteman Retail Park
The Learning Experience, a day care with 12 locations in the state, has signed a 15-year lease in Andover Minuteman Retail Park.
