
Are Clean Energy Tenants CRE’s New Savior?
As life science demand wanes, developers are increasingly marketing new projects to Massachusetts’ growing clean energy sector, flush with funding from venture capital and new federal programs.
As life science demand wanes, developers are increasingly marketing new projects to Massachusetts’ growing clean energy sector, flush with funding from venture capital and new federal programs.
Moderna will open a new 140,000-square-foot biomanufacturing plant next year that’s being developed by Oxford Properties Group on a 24-acre site.
A biomanufacturing facility nearing completion in Marlborough was acquired by Oxford Properties for $125 million through a sale-leaseback.
The new owners of a Canton call center plan a speculative redevelopment into a 126,460-square-foot cGMP facility.
A 130-acre site near the Braintree-Weymouth line would become a new biomanufacturing hub under plans by a Hingham developer.
After recently completing a 289-unit apartment complex in Woburn, a Boston developer submitted plans to redevelop a 14-acre nearby industrial site as lab and biomanufacturing space.
Life science development heavyweight Alexandria Real Estate Equities has paid $341 million for eight properties in Andover’s Minuteman Park, including 1.3 million square feet of existing buildings and potential for a new biomanufacturing complex.