Boston, Advancing Life Sciences Expansion: McCord Buys Former GlaxoSmithKline Property

In Houston, The McCord real estate firm has purchased a former GlaxoSmithKline facility near Boston, a property purchase that advances McCord’s expansion into the life sciences.

In In Houston. McCord is known for its 4,200, acre Generation Park development where McCord is developing a 100,000-SF medical office building.

McCord also recently hired Shawn Cloonan, former Texas Medical Center Chief Operating Officer and life science industry expert, as part of McCord’s leadership team.

“Our approach to real estate is intentional. As we evaluate existing buildings for repositioning or land for new development, we look at how we can positively impact not only the asset, but the surrounding community,” said President of McCord, Ryan McCord. “Boston, just like Houston, is a hub of innovation. Now more than ever it is critical for us to deliver human-centric real estate experiences in these innovation hubs to promote further advancements within the medical and life science fields.”

McCord has opened an office in Boston and the company now calls itself “a Houston and Boston-based opportunistic real estate company.”

MetroWest Life Sciences Cluster

The recently purchased Boston building is called 30 Bearfoot, a 64,736-SF GMP biomanufacturing and research and development facility. (GMP biomanufacturing means Good Manufacturing Practice, a system of standards to ensure high quality standards for pharmaceutical production and other critical manufacturing.)

The 30 Bearfoot building is located Boston’s MetroWest Life Sciences Cluster. McCord purchased 30 Bearfoot from a subsidiary of Alexandria Real Estate Equities who owned the property for 15 years.

“The purchase sets the stage for McCord’s continued growth in Boston and Houston’s life science spaces,” McCord said.

The MetroWest Life Sciences Cluster, where the McCord building is located, home to leading life science companies such as AbbVie, Boston Scientific, Sanofi Genzyme, and Sunovion.

“The past months have highlighted the importance and complexity of biology,” said Boston-based partner, Quentin Hart. “At McCord, we understand the importance of creating spaces that can facilitate rapid development and production of discoveries that are vital to the future of biomedical advances.”