Yale University Acquires Life Sciences Building In New Haven For $140M

Yale University has acquired a life science office and laboratory building located at 300 George Street in New Haven, CT. The property spans 2.4 acres and was purchased from Winstanley Enterprises for a total of $140,000,000. The building offers a total square footage of 520,000, resulting in a price per square foot of $269.

Summary of transaction details

• Property Type: Life Sciences
• Transaction Amount: $140,000,000
• Address: 300 George Street
• Market: New Haven, CT
• Buyer: Peter Salovey - Yale University
• Seller: Carter Winstanley - Winstanley Enterprises
• Square Footage: 520,000
• Price Per Square Foot: $269

This transaction marks Yale University's acquisition of a significant life science office and laboratory building, expanding their real estate portfolio. The deal involved Peter Salovey, representing Yale University, and Carter Winstanley, representing Winstanley Enterprises, as the key individuals overseeing the transaction.