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Newmark Arranges Recapitalization of 450,000 SF Industrial, Life Sciences Campus in Billerica, Massachusetts
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Newmark Arranges Recapitalization of 450,000 SF Industrial, Life Sciences Campus in Billerica, Massachusetts
BILLERICA, MASS. — Newmark has arranged the recapitalization of Axis Park North, a 450,000-square-foot industrial and life sciences campus located north of Boston in Billerica. The owner, a partnership between Camber Development and Wheelock Street Capital, sold a stake in the property to GEM Realty Capital for $79 million. The percentage was not disclosed. The six-building campus can support manufacturing and research-and-development uses and i…
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