Life Science Lab Development, Assembly Row, Somerville, Massachusetts

The project consists of a 600,000 square foot building for life science lab and biotech research and development, a LEED Platinum certified building, and federal tax advantages in a qualified opportunity zone.  Assembly Row is a life science cluster with corporate offices of major life science developers.

Murphy PC represented the developer as initial purchaser to secure the properties under purchase agreements, and as co-developer with a joint venture partner experienced in financing development projects in opportunity zones and permitting large scale development projects, and as co-developer in a joint venture sale of the project to a public real estate investment trust.  Murphy PC negotiated the real estate purchase agreements, the joint venture operating agreements with investors partners, the joint venture operating agreement with the real estate investment trust, and handled the closing of the purchase of the real estate by the public real estate investment trust.

Murphy PC is a law firm in Boston, Massachusetts representing, developers, investors, owners, asset managers, and sponsors in all aspects of real estate, including project development, acquisitions and dispositions, joint ventures, capital markets, commercial leasing, design and construction contracts, and title and escrow services.  Our real estate capabilities include a variety of sectors and asset classes in small to middle-market segments, including, mixed-use, multi-family, office, retail, and restaurant.

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