Moderna, Inc Acquires Life Science Facility In Marlborough, MA For $91M

Oxford Properties Group has sold a newly built, state-of-the-art biomanufacturing facility in Marlborough, MA, to biotechnology company Moderna for $91 million. The property, located at 149 Hayes Memorial Drive, spans across 140,000 square feet and was sold at a price of $650 per square foot.

Summary of transaction details

• Property Type: Life Science
• Transaction Amount: $91,000,000
• Address: 149 Hayes Memorial Drive, Marlborough, MA
• Market: Marlborough, MA
• Buyer: Moderna, Inc
• Seller: Oxford Properties Group - Chad Remis
• Square Footage: 140,000
• Price per Square Foot: $650

Chad Remis from Oxford Properties Group acted as the seller's representative in this transaction, facilitating the sale of the biomanufacturing facility to Moderna, Inc.