A lab project in Burlington sold at a 52% discount to a battery-maker that has survived past political controversy.
Lithium-ion battery manufacturer A123 Systems acquired a 115K SF lab conversion at 10 Corporate Drive for almost $20M from The Gutierrez Co., according to public records. The Gutierrez Co. bought the property for $42M in 2021.
A123 Systems is currently located at BXP’s 200 West St. in Waltham. The company shares the 272K SF building with Translate Bio. The manufacturer also has a facility in Novi, Michigan.
The battery-maker is perhaps most well-known for a $249M loan it received in 2009 from the federal government through a program designed…
Source: Battery-Maker A123 Systems Buys Converted Lab Space For Steep Discount