September 5, 2019
Surgical device firm Steris Corp. has acquired 425 Whitney Street, an industrial facility located within the I-290 Industrial Park in Northborough. The sales price was reported as $6.8 million.
Steris currently owns and operates the adjacent property, 435 Whitney Street. The firm plans to use 425 Whitney Street to expand their current operation, which includes contract sterilization and laboratory services for medical device and pharmaceutical users.
Bob Gibson, Rachel Marks and Chelsea Andre of CBRE represented the seller, a fund managed by DRA Advisors LLC., in the transaction. A fund managed by DRA currently owns the remaining five buildings in the I-290 Industrial Park.
For comments, questions or concerns, please contact David Cohen