{"id":1004450245,"date":"2020-05-21T01:48:51","date_gmt":"2020-05-21T09:48:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004450245"},"modified":"2020-05-21T01:48:51","modified_gmt":"2020-05-21T09:48:51","slug":"iqhq-acquires-metro-boston-life-science-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/","title":{"rendered":"IQHQ Acquires Metro Boston Life Science Campus"},"content":{"rendered":"<div id=\"attachment_1004450320\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Innovation-Park.-Image-courtesy-of-IQHQ-Inc..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004450320\" data-attachment-id=\"1004450320\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/innovation-park-image-courtesy-of-iqhq-inc\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Innovation-Park.-Image-courtesy-of-IQHQ-Inc..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&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=\"Innovation Park. Image courtesy of IQHQ Inc.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Generate:Biomedics has a 75,0000-square-foot, CryoEM laboratory at IQHQ\u2019s Innovation Park in Andover, Mass. Image courtesy of IQHQ Inc.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Innovation-Park.-Image-courtesy-of-IQHQ-Inc..jpg?w=800\" class=\"wp-image-1004450320 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Innovation-Park.-Image-courtesy-of-IQHQ-Inc..jpg\" alt=\"Innovation Park. Image courtesy of IQHQ Inc.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Innovation-Park.-Image-courtesy-of-IQHQ-Inc..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Innovation-Park.-Image-courtesy-of-IQHQ-Inc..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Innovation-Park.-Image-courtesy-of-IQHQ-Inc..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004450320\" class=\"wp-caption-text\">Innovation Park. <em>Image courtesy of IQHQ Inc.<\/em><\/p><\/div>\n<p>Life sciences real estate developer IQHQ Inc. has acquired Innovation Park, an approximately 200,000-square-foot campus on the 495 Corridor in Andover, Mass., from&nbsp;Eisai Inc. The property changed hands for $35.9 million, according to Yardi Matrix. Colliers International represented IQHQ in the deal.<\/p>\n<p>The sale of the property, located at 4 Corporate Drive, closed in March, according to an IQHQ spokesperson, but has only been formally announced now. In the interim, IQHQ was able to nail down two long-term leases at the park, to UMass Lowell and Ora Inc. With offices in the United States, United Kingdom, Australia and Japan, Ora is an ophthalmic contract research organization and product development firm.<\/p>\n<p>Innovation Park was completed 30 years ago and was updated and expanded in 2006, the IQHQ spokesperson told <em>Commercial Property Executive<\/em>. The company plans to update the campus again, with a caf\u00e9 featuring indoor and outdoor seating, a fitness center also with both indoor and outdoor workout areas, and common area improvements. TRIA Architects has been retained to redesign the property.<\/p>\n<h2>Aggressive growth<\/h2>\n<p>Innovation Park complements IQHQ\u2019s other Boston-area assets, including 109 Brookline Avenue, a 285,000-square-foot lab and office building near the Longwood Medical Area, <a href=\"https:\/\/www.commercialsearch.com\/news\/equity-commonwealth-sells-boston-office-lab-building\/\">which IQHQ bought<\/a> from Equity Commonwealth in February.<\/p>\n<p>In addition, the REIT is underway on its Fenway Center project, which will include lab, office and ground-level retail space, in a 21-story building and a 10-story building, both on a podium at 822 Beacon St. All this activity follows IQHQ\u2019s completion of a $770 million capital raise earlier this year.<\/p>\n<p>The Boston area\u2019s life sciences\/lab market is one of the few in the United States \u201c<em>that is building aggressively enough to placate demand<\/em>,\u201d according to a 2020 forecast from Cushman &amp; Wakefield. Their outlook indicates that metro Boston\u2019s life sciences space inventory could grow by 55 percent, to 32 million square feet, by 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The REIT expanded its presence in the area with the $35.9 million purchase of Innovation Park in Andover, Mass.<\/p>\n","protected":false},"author":882,"featured_media":1004450320,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21743,21808,21783,21742,10,21747],"tags":[32799,36999,48695],"class_list":["post-1004450245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-deals","category-featured","category-investment","category-latest","category-northeast","category-office","tag-cushman-wakefield","tag-equity-commonwealth","tag-iqhq"],"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>IQHQ Acquires Metro Boston Life Science Campus - 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\/iqhq-acquires-metro-boston-life-science-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IQHQ Acquires Metro Boston Life Science Campus\" \/>\n<meta property=\"og:description\" content=\"The REIT expanded its presence in the area with the $35.9 million purchase of Innovation Park in Andover, Mass.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-21T09:48:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Innovation-Park.-Image-courtesy-of-IQHQ-Inc..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/\",\"name\":\"IQHQ Acquires Metro Boston Life Science Campus - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Innovation-Park.-Image-courtesy-of-IQHQ-Inc..jpg\",\"datePublished\":\"2020-05-21T09:48:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Innovation-Park.-Image-courtesy-of-IQHQ-Inc..jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Innovation-Park.-Image-courtesy-of-IQHQ-Inc..jpg\",\"width\":800,\"height\":620,\"caption\":\"Generate:Biomedics has a 75,0000-square-foot, CryoEM laboratory at IQHQ\u2019s Innovation Park in Andover, Mass. Image courtesy of IQHQ Inc.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IQHQ Acquires Metro Boston Life Science Campus\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"IQHQ Acquires Metro Boston Life Science Campus - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/","og_locale":"en_US","og_type":"article","og_title":"IQHQ Acquires Metro Boston Life Science Campus","og_description":"The REIT expanded its presence in the area with the $35.9 million purchase of Innovation Park in Andover, Mass.","og_url":"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-05-21T09:48:51+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Innovation-Park.-Image-courtesy-of-IQHQ-Inc..jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/","url":"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/","name":"IQHQ Acquires Metro Boston Life Science Campus - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Innovation-Park.-Image-courtesy-of-IQHQ-Inc..jpg","datePublished":"2020-05-21T09:48:51+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Innovation-Park.-Image-courtesy-of-IQHQ-Inc..jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Innovation-Park.-Image-courtesy-of-IQHQ-Inc..jpg","width":800,"height":620,"caption":"Generate:Biomedics has a 75,0000-square-foot, CryoEM laboratory at IQHQ\u2019s Innovation Park in Andover, Mass. Image courtesy of IQHQ Inc."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-metro-boston-life-science-campus\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"IQHQ Acquires Metro Boston Life Science Campus"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Innovation-Park.-Image-courtesy-of-IQHQ-Inc..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004450245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004450245"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004450245\/revisions"}],"predecessor-version":[{"id":1004450341,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004450245\/revisions\/1004450341"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004450320"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004450245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004450245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004450245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}