Campanelli, a company specializing in commercial real estate development, acquisition, and construction management, in collaboration with the private equity firm TriGate Capital, has recently announced a significant development. A 15-year, full-building lease agreement with renewal options has been signed with Moderna Therapeutics at Upland in Norwood.
Moderna intends to establish an mRNA clinical manufacturing facility within the 200,000-square-foot building situated at 100 Tech Drive. The leasing process was facilitated by the Newmark Grubb Knight Frank team, comprising leasing agents Mike Frisoli, Taryn Wilson, and Matt Morgan. JLL Managing Directors Peter Bekarian and Tom Kent, along with Executive Vice President Don Domoretsky, represented Moderna during the negotiation.
The Norwood facility by Moderna is designed to support the advancement of the company’s mRNA pipeline, spanning from development candidate nomination to human proof-of-concept. This site will play a crucial role in the manufacturing, quality control, and supply of clinical-grade mRNA therapies and vaccines. It will cater to good laboratory practices in toxicology studies, as well as phase 1 and phase 2 clinical studies. The initial construction of the facility is scheduled to commence in October 2016, with plans for its official opening in early 2018.
THIS DAY IN NORWOOD HISTORY
Norwood Hospital Expansion Likely to Target Civic Center Site-July 13, 1976
The expansion aims to address the critical need for increased bed capacity, support services, and advanced medical units, as outlined by consulting firm Medicus Planning, Inc.
Lithuanian Club Closed After Ceiling Collapses-July 12, 1977
Three men narrowly escaped injury when the ceiling of the historic 75-year-old building crashed to the floor, forcing an immediate safety closure.
Norwood’s Resilience and Strong Comeback Bring Victory Over Westwood in Zone 6A American Legion Baseball-July 12, 1989
In a testament to their resilience and determination, Pete Wall’s Norwood team scores seven runs in the fourth inning to take a 10-3 victory over Westwood.
Norwood’s Second Annual “Tiot” Relay Race Raises Funds for Youth Recreation-July 12, 1976
Sponsored by the Ponderosa Lounge, the successful community fundraiser combined athletic competition with a picnic to benefit local recreational projects.
Milton Developer Plans Indoor Ice Rink for Norwood-July 12, 1972
The proposed 240-by-100-foot steel arena aims to serve youth hockey teams and the public, with an anticipated opening in November 1972.
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