MEDFORD, MA — Gibson Sotheby’s
International Realty is pleased to announce the
offering of a 1.3-acre transit-oriented parcel located on Boston
Avenue in Medford as an advantageous opportunity for R&D, life
science and biotech developers.
Located ½ mile from the Tufts University campus, Tufts Corner is a
250,000 square-foot Class A project with by right entitlements,
offering premier access to both I-95 and I-93 freeways and
proximity to many restaurants and retail services in Boston,
Cambridge, Medford and Somerville. Located along the MBTA Green Line Extension, the site qualifies as a
“high-frequency transit location.”
“The City of Medford is very much committed to seeing a
commercial development on the Boston Avenue site, specifically for
life science and biotech,” added Alicia Hunt, Director of
Planning, Development & Sustainability for the
City of Medford. “The City Staff and City Council worked
collaboratively to rezone the district to allow for density
required by modern lab development. We are excited to welcome new
investment to Medford.”
“The Medford Chamber of Commerce is excited by the
prospect of a development being constructed in the O-2 district on
Boston Avenue and the resulting economic benefits that would be
realized by the Medford business and residential
communities,” said Maury Carroll, President of the Medford Chamber of
Commerce.
“Medford’s thriving innovation clusters make it an
ideal hub for life science and tech firms, and the neighboring
universities provide a rich local talent pool for companies seeking
to scale up or relocate their operations,” said
Ken Leva, President of The Leva Group at Gibson Sotheby’s
International Realty, who represents the sale of the project.
“Opportunities such as this are smart investments that
provide above market returns.”
Interested parties should contact
Ken Leva at 978.877.8194
or kenneth.leva@gibsonsir.com.
Learn more at tuftscorner.com.
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MEDIA CONTACT:
Becca Logue
Gibson Sotheby’s International Realty
508.479.2665 · becca.logue@gibsonsir.com