Northeastern has purchased a 109,000 sq. ft. biotech research building in Burlington, MA. It is a mile away from their Innovation Campus in the same town, of which it will be a part.
There is a surplus of life science research space in the Boston area. The building was purchased from the developer by MetLife in 2022 for $103 million. Northeastern purchased it from MetLife for $33 million. It’s Filene’s Basement time in the life science lab real estate market!
Northeastern expands in Burlington with $33 million office building purchase
It will be used by Northeastern researchers and graduate students with the possibility of undergraduate research coops.