Stéphane Bancel Of Moderna Inc Acquires Mixed-use Asset At 325 Binney Street For $400M

This mixed-use asset, located at 325 Binney Street in Cambridge, is under contract for a total of $400 million. The property encompasses 686,000 square feet, leading to a price per square foot of $583. Moderna Inc. is acquiring the property, which it has leased for its operations, facilitating greater control over its Moderna Technology Center.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $400,000,000
• Square Footage: 686,000
• Address: 325 Binney Street
• Market: Cambridge
• Price per Square Foot: $583
• Buyer: Stéphane Bancel
• Company: Moderna Inc

Stéphane Bancel represents Moderna Inc. in this transaction, as the company plans to enhance productivity by gaining full ownership of its operational campus in Norwood through this purchase.