BLDUP Newsletter

1414 Massachusetts Ave Update 01/04/21

Boxborough Life Science Facility Secures $25M Loan

Lincoln Property Company secured a loan for $25,000,000 from Berkshire Bank for the lab/science space at 1414 Massachusetts Ave. Located in Boxborough, the property features a 292,513 square-foot flex building sitting on a 70.94-acre lot that was constructed in 1983.

In November of 2020, German contract development and manufacturing organization Vibalogics announced their plan to invest $150,000,000 in 1414 Massachusetts Avenue to aid in the production of a COVID-19 vaccine. 

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