{"id":1004103298,"date":"2014-09-04T05:17:00","date_gmt":"2014-09-04T13:17:00","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=287747"},"modified":"2020-04-15T02:29:49","modified_gmt":"2020-04-15T10:29:49","slug":"ge-healthcare-to-join-biotech-cluster-in-marlborough-add-hundreds-of-jobs-in-the-area","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ge-healthcare-to-join-biotech-cluster-in-marlborough-add-hundreds-of-jobs-in-the-area\/","title":{"rendered":"GE Healthcare to Join Biotech Cluster in Marlborough, Add Hundreds of Jobs in the Area"},"content":{"rendered":"<p><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p>In a few years Massachusetts could become the next Silicon Valley of biotechnology and bio-pharmaceutics, judging by the growing number of businesses that choose to relocate or consolidate their presence here.<\/p>\n<div id=\"attachment_287749\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/Forrest_St_1-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-287749\" title=\"Forrest_St_1 (1)\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/Forrest_St_1-1.jpg\" alt=\"Forest Park Marlborough\" width=\"300\" height=\"167\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Forest Park Marlborough<\/p>\n<\/div>\n<p>Piscataway, NJ-based GE Healthcare Life Sciences, a division of GE Healthcare\u2014one of the largest players in the industry, with more than 11,500 employees in over 100 countries\u2014has selected Forest Park in Marlborough (pictured) as the new headquarters for its US operations. Though the company said in an official news release that it hasn\u2019t determined an exact address for its future home in the city, the <em><a href=\"https:\/\/www.wbjournal.com\/\" target=\"_blank\" rel=\"nofollow\" ARTICLE\/20140820\/NEWS01\/140829998\">Worcester Business Journal<\/a> <\/em>reports that the GE Healthcare division will move into a large office building located at 200 Forest Street, just south of Route 20 and west of I-495. The 530,000-square-foot office\/R&amp;D facility is part of the 109-acre former HP campus that was acquired by Atlantic Management in 2011.<\/p>\n<p>According to the <em><a href=\"https:\/\/www.bizjournals.com\/\" target=\"_blank\" rel=\"nofollow\" boston\/real_estate\/2014\/08\/an-ode-to-marlborough-and-the-bay-states-beautiful.html?page=all\">Boston Business Journal<\/a><\/em>, GE Healthcare Life Sciences will occupy 160,000 square feet of space at 200 Forest Street and will share the building with another biotech company, Quest Diagnostics, which signed a lease for 200,000 square feet with Atlantic Management two years ago.<\/p>\n<p>GE Healthcare Life Sciences\u2019 new headquarters will accommodate over 500 employees, with around 220 new positions expected to be created once the facility becomes fully operational in spring 2015. The company will invest $21 million to transform the currently vacant space into research laboratories, customer application facilities and office space that will complement GE Healthcare Life Sciences\u2019 existing manufacturing capability in Westborough, Mass. The company has already started recruiting employees to the site and expects to hire around 220 people<\/p>\n<p>\u201cOur new facility in Massachusetts will position us for continued innovation and competition in such a fast-paced, innovative industry,\u201d said Kieran Murphy, president and CEO of GE Healthcare Life Sciences. \u201cWe will be close to industry-leading talent, customers, and world-class academic and medical institutions across all the industry sectors we serve, from biotech and pharma, to diagnostics and medical devices,\u201d he added.<\/p>\n<p>Meanwhile, CSM Lodging of Minnesota recently paid almost $2 million for a piece of land within Marlborough\u2019s thriving office park and plans to build a new Hilton Garden Inn. Scheduled to open in the first quarter of 2016, the hotel will have 160 rooms, a business center, a restaurant, a fitness center and a pool and is expected to meet the demand for hotel space in the area.<\/p>\n<p>\u201cOnly 45 minutes from downtown Boston, the Forest Park development area is a center of activity and economic growth,\u201d said Bob Micklash, president of CSM Lodging, in a press statement. \u201cAs major corporations continue to move into Marlborough, we recognized a need for a new, updated hotel to accommodate the area\u2019s growing community. We are excited by the activity within the immediately adjacent office park and could not be more pleased to make this venture a reality.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p><em>Image via Atlantic Management<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a few years Massachusetts could become the next Silicon Valley of biotechnology and bio-pharmaceutics, judging by the growing number of businesses that choose to relocate or consolidate their presence here.<\/p>\n","protected":false},"author":258,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21742],"tags":[],"class_list":["post-1004103298","post","type-post","status-publish","format-standard","hentry","category-boston","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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