Broadstone Sells Life Science Development Site In Westborough For $45.3M

The property involved in this transaction is a Life Science Development Site located at 25 & 29 Research Drive in Westborough, Massachusetts. The site spans across 70 acres and has a total square footage of 715,000. The sale price for this property was $45,250,000, resulting in a price per acre of $646,429.

Summary of transaction details

• Property Type: Life Science Development Site
• Transaction Amount: $45,250,000
• Address: 25 & 29 Research Drive, Westborough, MA
• Acres: 70
• PPA: $646,429
• Square Footage: 715,000
• Market: Westborough, MA

The seller of this property was Broadstone, while the buyer was represented by Andrew Sherman, Phil DeSimone, and Jim Umphrey from Kelleher & Sadowsky.

It is worth noting that the property at 25 Research Drive, Westborough, was sold for $32,000,000, while the property at 29 Research Drive, Westborough, was sold for $13,250,000.