Life Science Developer Buys Portion of Gillette Campus
With average asking rents for lab space nearing triple digits, life science developers have won bidding wars for recent sites hitting the market in Boston’s Seaport District.
With average asking rents for lab space nearing triple digits, life science developers have won bidding wars for recent sites hitting the market in Boston’s Seaport District.
Procter & Gamble is looking to shake up its real estate footprint in Massachusetts including its 34-acre Gillette World Shaving Headquarters campus in South Boston, which has been increasingly surrounded by booming development activity in the past decade.
General Electric has unplugged plans to build a futuristic $200 million office tower in Boston’s Seaport District.
General Electric will pay rent to MassDevelopment on two industrial buildings that it plans to renovate in Boston’s Fort Point, after acquiring the property from Procter & Gamble and selling it to the state agency for an as-yet undisclosed price.