SPEED TO MARKET & CLEAR PATH TO OCCUPANCY

Transcription

1 SPEED TO MARKET & CLEAR PATH TO OCCUPANCY

2 50 OTIS STREET, WESTBOROUGH 66 Acre Bio-Ready Site For Sale or Lease Clear Path to Occupancy Build to Suit or Deliver Pad Ready Bio Ready Mechanical Infrastructure on Site Expansion Capabilities 10 Minute Walk from the Commuter Rail Tax Incentive Programs Clear path to occupancy Ability to recruit and retain top talent Critical site infrastructure in place Zoning approved for by-right use Site flexibility Growth & expansion capabilities Highway access & public transportation Supportive & pro business community Experienced development team Design and construction capabilities to meet your company culture Regulatory & permitting experience Construction Management Economic development incentives including a TIF (Tax Increment Financing)

3 REDEVELOPMENT OPPORTUNITY 50 Otis Street, Westborough, MA (Platinum Ranking Bio-Ready Community) Land Area 66.4 Acres Existing Square Feet 477,000 SF former Astra Zeneca bio-tech manufacturing/gmp facility Site Development Capabilty Up to approximately 750,000 SF Flexible Delivery Approach 1. Demolish building and deliver pad ready with mechanical infrastructure 2. Selective demolition plus new construction 3. Build to Suit 4. Deliver as-is Site & Utility Infrastructure Systems (Central Utility Plant On-site) Electric: National Grid Water & Sewer: Town of Westborough Gas: Eversource Steam: On-site Location Less than half a mile to Route 9, populated with first class retail, restaurants & amenities 10 minute walk to Westborough Commuter Rail Station 35 miles from Downtown Boston Close proximity to I-495, I-95 & I-90 (Massachusetts Turnpike) Tax Incentive Program Westborough is focused on retaining and expanding its commercial tax base, increasing job opportunities, and improving the quality of life in their neighborhoods. In collaboration with the Massachusetts Office of Business Development, the State and Town offer incentive programs to encourage business growth through tax relief on the incremental value of property investments and improvements as well as job creation. The Economic Development Committee will guide you through the Commonwealth s Economic Development Incentive Program. Ownership: Atlantic Management Corporation Experienced & creative ownership Own & manage 6+ million square feet in suburban Massachusetts Recently developed facilities for Quest Diagnostics, GE Healthcare & Shire Pharmaceuticals

4 EXISITING INFRASTRUCTURE ON-SITE EXISTING SITE CAPABILITIES Utility electrical system The campus has one main electrical feeder from National Grid supplying 13,800 volt, to a centralized switch yard, which is then distributed to building specific electrical rooms. Gas The main building and central utility plant are served by a 4 gas line connected to a 4 high pressure main under Otis Street Water The campus has (2) two 8 water supply lines from the town, one of which exclusively services the property s fire protection and life the other for domestic water Water for injection & clean steam The facility has the capability of producing 3,000 gallons per hour of distillate, or 72,000 gallons per day. The entire Mueller MES system utilizes 316L stainless steel piping and components throughout the associated distribution system. Plant steam and condensate The campus utilizes a central high pressure steam plant for building heat, humidification and process related heating requirements for WFI still and clean steam generation. Total capacity of the steam plant is approximately 69,000 lbs of steam per hour operating at 120 PSI. Plant chilled water system Chilled water is supplied throughout the site utilizing a centralized chilled water plant. This system is automated using a tour Andover controls BMS. Major components are 3 centrifugal chillers, 3 cooling tower cells and 2 plate and frame heat exchangers for free cooling operations for temperatures <45º F. The total capacity of the system is 4,150 tons. Compressed air The capacity of the system is 1,380 CFM with an average load of CFM. The two compressed air units have integrated MD dryers on the discharge air stream. Nitrogen Liquid nitrogen is supplied by a 6,000 gallon storage tank (leased). The liquid nitrogen is fed to a dual tower evaporator prior to being diverted to multiple distribution branches. Emergency back-up systems Life safety electrical system kw diesel fuel generator. Simplex fire monitoring &alarm system Simplex 4100U Multi Node fully addressable system. Dual data feeds to the site 100 MB primary and 42 MB secondary Sonnet Ring OC3, with DSL line as back-up. Process waste water neutralization There are 2 ph waste treatment facilities on site. Building 3 The system consisted of a 975 gallon primary holding tank and 945 gallon neutralization tank (currently decommissioned). Building 12 - ph treatment facility consisting of an 800 gallon holding tank which cascades into a 400 gallon treatment tank. The system is designed for 18 GPM of flow.

5 Recruit Top Talent in Westborough 495/Metro West Life Science Employment Life Science: in the top two most important industries to the 495/Metro West regional economy. 11,624 life science jobs in the Metro West region % of residents have a Bachelor s degree or higher. Electromedical Manufacturing (5,108) Pharmaceutical & Medicine Manufacturing (3,937) Medical Equipment & Supplies Manufacturing (1,375) Medical & Diagnostic Laboratories (1,204) 10% 12% 44% 34%

6 495 / METRO WEST LIFE SCIENCE CLUSTER inceton Acton Concord Stoneh Melrose Saugus Sterling Lexington Winchester 93 1 Bolton Stow Maynard Lincoln Arlignt no Medford Malden Revere Somerville Everett Belmont Cambridge Chelsea Hudson Sudbury W.Boylston Berl ni Waltham Charlestown W Watertown Allston E. Boston Holden Weston 190 Boylston 290 Northborough Marlborough Southborough Framingham Framingham Wayland Newton 90 9 Brighton BOSTON Brookline Roxbury Jamaica Plain Shrewsbury WORCESTER 9 9 Natick Wellesley Needh ma Roslindale Dorchester West Roxbury Mattapan 93 Westborough Ashland Hyde Park Sherborn Dover Dedham Milton Quincy Auburn Westwood Grafton Hopkinton 45+ Hollisot n Life Science 495 Medfield 1 Norwood 93 Braintree Randolph illbury Upton Companies Millis Canton 146 Milford Medway Holbrook Hopedale Walpole Stoughton Avon Sutton Northbridge Norfolk Sharon Franklin 95 24

7 REDEVELOPMENT OPPORTUNITY

8 SURROUNDING LIFE SCIENCE & BIOTECH COMMUNITY BIO READY RANKING: PLATINUM A designation bestowed upon municipalities by the Massachusetts Biotechnology Council that have adopted local policies that greatly ease the pathway for renovation and new construction of biotech and manufacturing facilities Tony Coskren tony.coskren@ngkf.com JR McDonald jmcdonald@ngkf.com Ed Jarosz ed.jarosz@ngkf.com David Townsend dtownsend@ngkf.com