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GI Partners Acquires Life Science Building In Burlington, MA For $58.1M

Property Image
SOLD
$58,130,000

Massachusetts

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Other164,000 SF
Sold 02/28/2022
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Property Image
SOLD

GI Partners Acquires Life Science Building In Burlington, MA For $58.1M

3 Burlington Woods Drive, Burlington, Massachusetts 01803, United States

See Similar Deals
Other164,000 SF
Sold 02/28/2022
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Summary

MASSACHUSETTS
Asset Type:Other
Price Per Square Foot:$354
Total Square Footage:164,000 SF
Transaction Type:Sale

A life science property located at 3 Burlington Woods in Burlington, MA, was recently sold for a total of $58,130,000. The property spans a total of 164,000 square feet, resulting in a price per square foot of $354. The sale took place on February 28, 2022, and was facilitated by John Sheputis, who is affiliated with GI Partners.

Summary of transation details:

  • Property Type: Life Science
  • Transaction Amount: $58,130,000
  • Address: 3 Burlington Woods, Burlington, MA
  • Square Footage: 164,000
  • Price per Square Foot: $354
  • Market: Burlington, MA
  • Buyer: GI Partners - John Sheputis

John Sheputis, representing GI Partners, acted as the buyer in this transaction. The sale of the life science property in Burlington, MA represents a significant deal in the real estate market. It demonstrates the continued demand for properties in the life science sector and showcases the expertise and negotiation skills of the involved parties.

Players

JS
2 deals$58.1M volume
BUYER

Details

SOLD
IMAGE: John Sheputis DATE: 02/28/2022 ADDRESS: 3 Burlington Woods MARKET: Burlington, MA ASSET TYPE: Life Science BUYER: GI Partners - John Sheputis SALE PRICE: $58,130,000 SF: 164,000 ~ PPSF: $354

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