News: Front Section
Posted: March 6, 2020
Nan Fung Life Sciences acquires 51 Sleeper St.
Boston, MA Nan Fung Life Sciences Real Estate (NFLSRE) has acquired 51 Sleeper St. from Brookfield Properties. Located in the Seaport District, the 152,102 s/f, eight floor building’s sale price was not disclosed.
NFLSRE is led by a world class management team with over 75 years of combined life sciences real estate development and operations experience.
“The need for innovative and scalable research laboratory space in Boston is high, we are proud to be able to provide the resources for more companies to grow here,” said Matthew Powers, CEO of NFLSRE. “We are thankful to Brookfield Properties, Ben Brown, and his team for working with us to make this happen. Together, we were able to reach an agreement that not only works for both parties involved – but benefits the City of Boston. We look forward to working with the City to continue growing this important industry.”
Nan Fung Life Sciences has $1.5 billion capital commitment from Nan Fung Group to invest into life sciences and has invested in 46 portfolio companies to date
Tags:
Front Section
MORE FROM Front Section
Front Section
McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Quick Hits
Columns and Thought Leadership
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in