boston - The Real Reporter

32THE REAL REPORTER 2013 SUMMER REVIEWColliers Aids UMassIn $40.3M Lab DealFOR SALE15-UNIT APARTMENT COMMUNITY99 Essex Street · Melrose, MAW W W . 9 9 E S S E X . C O MCHRISTOPHER D. SOWER617.850.9633csower@bradvisors.comJASON S. WEISSMAN617.850.9608jweissman@bradvisors.com745 BOYLSTON STREET · BOSTON, MA · (T) 617.375.79001075 Broadway, Saugus MABY JOE CLEMENTSWORCESTER — The way things worked out, ColliersInternational anticipates a busier ending to 2013 on the CREsales front versus the beginning, Investment Services Groupleader Lisa Campoli conveyed in a recent article.Some of that energy will be in the form of new listings,including an institutional-grade industrialproperty that could top $20 million, and a pair ofBoston multifamily opportunities.“It is coming together,” says Campoli, with fivelistings under contract and expected to closethrough the third quarter. In the meantime,LISA CAMPOLI Colliers has one major deal from the first half of2013 to savor, that being the $40.3 million purchaseof three Worcester biotechnology buildingsby the abutting University of MassachusettsMedical Center. Campoli and colleague TonyHayes advised UMMS, with Cushman & Wakefieldexclusive agent for the seller, Alexandria RealEstate Equities.The deal was consummated in February for 1TONY HAYESInnovation Dr., 377 Plantation St. and 381Plantation St., an assemblage of 300,000 sf acquired by the CaliforniaREIT in 1999 and branded the Massachusetts Biotechnology ResearchPark.UMass “saw it as a rare opportunity” to assemble a critical massof space at the Massachusetts Biotechnology Research Park, explainsCampoli, enabling the university to secure one of the largest such clustersof life sciences buildings outside Route 128 in Massachusetts. Ina statement issued by the school, the assessment was one “UMMSfaced either an opportunity to stabilize an important research and economicdevelopment asset for the region—or become neighbor of anunderutilized campus owned by an absentee landlord with little intercontinuedon page 66