New Balance Acquires Development Site From Stephen A. Rosetta In Brighton For $35 Million

A development site located at 155 North Beacon Street in Brighton, MA, has been sold for $35 million. The asset spans three acres and was once intended for a 409,000-square-foot lab project. The site currently remains vacant amid an oversupply situation in Boston's lab space market.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $35,000,000
• Buyer: New Balance
• Seller: Stephen A. Rosetta - IQHQ
• Building Size (BSF): 409,000
• Price per Building Square Foot (PPBSF): $86
• Date of Transaction: 10/28/2025

This transaction involved New Balance's development arm purchasing the site from Stephen A. Rosetta, who represents IQHQ, a life sciences developer. The intended lab project known as “4 Life” for this parcel has not materialized, contributing to the current state of vacancy.