I wonder how the blank wall on both sides of the building will age. It will be big, blank, and very visible. NIMBY's will hate. Also, aesthetically, I have seen grey panels like these get very dirty over time and stain.
Ugh. I feel for the previous owner. 2022 was peak lab real estate. I remember looking for GLP lab space along 128 for an expansion of our footprint and just being floored by the per sq/ft asking prices for places in Woburn and Burlington. It was what Kendal was getting a few years earlier. We...
I loved that labyrinth and how the buildings were all sort of connected through those narrow halls with thin, cheap carpet on the floor. All my science profs were in the hulking Egan, Mugar, and Hurtig, while all my liberal arts profs were in the labyrinth. I distinctly remember coming in one...
We don't like to use labels like, "empty". We prefer to use more empathetic terms like, "waiting for the right biotech to call us home".
I was presented an opportunity to invest in the REIT as an LP on this project. I am happy I passed in the short term, but I think in 5 years this place will be...