Oxford Property Group wants to convert a large downtown office vacated by WeWork into life sciences space.
Oxford Properties deal could be first in £1.2B life sciences spree.
A 300K SF office block, located between several research or education facilities, could be repurposed as a life sciences scheme.
The 14-building park was sold by funds managed by Oaktree Capital Management and Intertex Co.
Yet another player has entered the Philly life sciences market for the first time, with Oxford Properties Group signing on as equity partner at the Navy Yard.
In a joint venture, the developer plans to develop seven buildings along Pappas Way and West First Street in the Seaport.
The Toronto-based investor acquired its first U.S. retail properties in Texas through a joint venture with Chicago-based Pine Tree.
About 40% of the company's global portfolio is made up of U.S. assets.
Oxford Properties acquires One Marina Park Drive for $435M, marking its first core office asset purchase in a decade.
Could the rush into buying urban logistics property be a stampede pushing up prices?
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