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Northeastern University Acquires Burlington BioCenter As Buyer's Representative For $33 Million

Property Image
SOLD
$33,000,000
Robert (Rob) Griffin
Matthew (Matt) Pullen
+ 4

Massachusetts

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Life Sciences
Sold 05/20/2025
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Property Image
SOLD

Northeastern University Acquires Burlington BioCenter As Buyer's Representative For $33 Million

4 Burlington Woods Drive

See Similar Deals
Life Sciences
Sold 05/20/2025
Robert (Rob) Griffin
Matthew (Matt) Pullen
+ 4
Contact now

Summary

MASSACHUSETTS
Asset Type:Life Sciences
Transaction Type:Sale

The property involved in this transaction is a life sciences asset located at 4 Burlington Woods Drive, Burlington, MA. The sale price for the facility was $33,000,000. This asset encompasses a total area of 109,085 square feet and serves as a fully built-out life sciences facility situated in suburban Boston.

Summary of transaction details:

Newmark facilitated the transaction and confirmed the designation of Northeastern University as the buyer through land records. The brokers involved played a crucial role in arranging the sale of the Burlington BioCenter, highlighting the expertise of the team in handling life sciences properties.

Players

Matthew (Matt) Pullen
57 deals$6.2B volume
BROKER

Edward Maher
Newmark
57 deals$6.7B volume
BROKER

Samantha Hallowell
Newmark
36 deals$5B volume(617) 863-8627
BROKER

Robert (Rob) Griffin
Newmark
72 deals$7.3B volume(617) 863-8611
BROKER

James (Jim) Tribble
Newmark
14 deals$719.5M volume(617) 863-8607
BROKER

William (Will)  Sleeper
Newmark
12 deals$1.1B volume(617) 863-8594
BROKER

Grady Zink
Newmark
2 deals$81M volume(508) 782-2512
BROKER

Details

SOLD
IMAGE: Edward Maher, Grady Zink, James Tribble, Matthew Pullen, Robert Griffin, Samantha Hallowell & William Sleeper DATE: 05/20/2025 ADDRESS: 4 Burlington Woods Drive MARKET: Burlington, MA ASSET TYPE: Life Sciences BUYER: Northeastern University BROKERS: Edward Maher, Grady Zink, James Tribble, Matthew Pullen, Robert Griffin, Samantha Hallowell & William Sleeper - Newmark (@Newmark) SALE PRICE: $33,000,000 NOTE: Newmark arranged the $33M sale of the 109,085-square-foot Burlington BioCenter, a fully built-out life science facility in suburban Boston, with land records identifying Northeastern University as the buyer.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,759,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$117,242.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$156,436.84
Annual Debt Service$1,877,242.03