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The site of a Northborough operations center for the biotech firm Genzyme has been bought by two Boston firms for $33 million. Boston's Camber Development and real estate investment firm Wheelock Street Capital, which has offices in Boston and Greenwich, Conn., bought the site in a deal closed Feb. 17. The seller was the Chicago real estate investment firm Capri EGM. The deal was announced by the Boston offices of JLL Capital Markets, which represented the buyers. Camber and Wheelock Street Capital didn't return messages seeking comment. The 19-acre site at 11 Forbes Road includes a building ...

Northboro life sciences building sold for $33M NORTHBORO — Sanofi Genzyme’s Northboro Global Operations Center, a 212,000-square-foot life sciences building located at 11 Forbes Road, sold for $33 million last month.  The property was purchased from CEGM Northborough, a subsidiary of Chicago-based Capri EGM, to a joint venture between Connecticut real estate investment firm Wheelock Street Capital and Boston real estate investor Camber Development. The Northboro Assessors Office values the 19.3-acre property to be worth $22,430,400.  Sanofi Genzyme, a biotechnology company based i...

Boston-area life science and industrial facility trades to JV for $33M BOSTON, March 2, 2021 - JLL Capital Markets announced today that it has closed the $33 million sale of Sanofi Genzyme's Northborough Global Operations Center, a fully net-leased, 212,000-square-foot GMP-certified industrial facility in the suburban Boston community of Northborough, Massachusetts. JLL represented the buyer, joint venture partnership between Wheelock Street Capital and Camber Development, which acquired the asset from Chicago-based Capri Egm. Additionally, JLL has been engaged by the new owner to source post...