{"id":1004185594,"date":"2017-08-01T02:26:23","date_gmt":"2017-08-01T10:26:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004185594"},"modified":"2022-12-07T03:21:56","modified_gmt":"2022-12-07T11:21:56","slug":"boston-area-lab-facility-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/boston-area-lab-facility-changes-hands\/","title":{"rendered":"Boston-Area Lab Facility Changes Hands"},"content":{"rendered":"<p>By Mihaela Coste<\/p>\n<div id=\"attachment_1004185595\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/749-Middlesex-Road-Bilerica-Mass..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004185595\" data-attachment-id=\"1004185595\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/boston-area-lab-facility-changes-hands\/749-middlesex-road-bilerica-mass\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/749-Middlesex-Road-Bilerica-Mass..jpg\" data-orig-size=\"1022,762\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Mihaela Coste&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1501593472&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"749 Middlesex Road, Bilerica, Mass.\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/749-Middlesex-Road-Bilerica-Mass..jpg?w=1022\" class=\"wp-image-1004185595 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/749-Middlesex-Road-Bilerica-Mass..jpg\" alt=\"749 Middlesex Road, Bilerica, Mass.\" width=\"300\" height=\"224\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/749-Middlesex-Road-Bilerica-Mass..jpg 1022w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/749-Middlesex-Road-Bilerica-Mass..jpg?resize=300,224 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/749-Middlesex-Road-Bilerica-Mass..jpg?resize=768,573 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004185595\" class=\"wp-caption-text\">749 Middlesex Road, Bilerica, Mass.<\/p><\/div>\n<p>Calare Properties sold a 40,000-square-foot lab facility located in Billerica, Mass., for $6.2 million. The asset has\u00a0a lease extension in place with\u00a0RainDance Technologies Inc., which occupies the entire building.\u00a0<\/p>\n<p>Located at 749 Middlesex Road, approximately 20 miles northwest of Boston, the asset is positioned in an area with a notably low supply of lab space that is experiencing a growing demand, offering easy access to other regions through US Route 3 and interstates 93 and 95.\u00a0<\/p>\n<h2><strong>Lab-quality features<\/strong><\/h2>\n<p>The single-story property features open floor plans and lab-quality systems, including HVAC\/ventilation systems capable of circulating 100 percent fresh air, water treatment systems with additional plumbing\/drainage systems, high power capabilities with backup generators, and temperature-controlled facilities for testing and storage of sensitive materials.<\/p>\n<p>RainDance Technologies has been occupying the facility since 2013, when\u00a0Calare acquired the property, vacant at the time of the transaction, for a price tag of $3.3 million.\u00a0\u00a0<\/p>\n<p>\u201c<em>Considering the ongoing limited availability of high-quality lab space in this market and the ideal fundamentals of this property, Calare was confident in our ability to create value in this investment,<\/em>\u201d said Bill Manley, CEO &amp; CIO of Calare, in a prepared statement.<\/p>\n<p>Calare is focusing on acquiring warehouse, manufacturing, research and flex commercial real estate, currently having more than 17.5 million square feet of properties. The company recently <a href=\"https:\/\/www.commercialsearch.com\/news\/calare-properties-buys-warehouse-secures-medical-marijuana-lease\/\" target=\"_blank\" rel=\"noopener noreferrer\">acquired a warehouse facility<\/a> in Littleton, Mass., and secured a 10-year absolute net lease with Premier Health Group.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 40,000-square-foot, single-tenant property in Billerica traded for $6.2 million. The single-story building is fully occupied by biotech company RainDance Technologies.<\/p>\n","protected":false},"author":1192,"featured_media":1004185595,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21743,21754,21742,10],"tags":[33499,37037],"class_list":["post-1004185594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-deals","category-medical-office","category-latest","category-northeast","tag-calare-properties","tag-raindance-technologies-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Boston-Area Lab Facility Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/boston-area-lab-facility-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boston-Area Lab Facility Changes Hands\" \/>\n<meta property=\"og:description\" content=\"The 40,000-square-foot, single-tenant property in Billerica traded for $6.2 million. 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