RE Firm Completes Sale of Billerica Office Building

| February 14, 2019

Exterior of 5 Fortune Dr. in Billerica

Billerica, MA – SVN® | Parsons Commercial Group | Boston has announced the sale of 5 Fortune Dr. in Billerica.

Commercial Real Estate Advisors, Marci Alvarado and Jake Parsons of SVN® | Parsons Commercial Group | Boston represented the seller, Five Fortune Drive, LLC, in the sale of the property for $2,550,000. The buyer, NeoSome Life Sciences, LLC, represented themselves in the sale.

NeoSome Life Sciences, LLC, is a science-driven Contract Research organization. According to their website, their goal is to provide individualized service to support research through all stages of drug discovery.

They also assist clients on the appropriate selection of animal disease models, study design, and bioanalytical assays to best fit research goals. The new facility will serve as expansion for the company.

The building is a total of 30,000sf on approximately 1.97 acres. The building offers a mix of office, R+D and flex space. At the time of the sale, the first floor was fully leased to Anew Health who operates an adult day facility on site.

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Category: All, Mixed-use

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