CenTech Park North is a 60 acre parcel formally known as the "Allen Property". Originally farm land established in 1725 by the Allen family, it remained the Allen Homestead until 2003.
In 2002, the Town of Shrewsbury voted to purchase the land under the auspices of the newly created Shrewsbury Development Corporation. Re-zoning of this parcel was also voted at this Town Meeting and the Shrewsbury Development Corporation began their efforts toward economic development of this prime piece of property.
Beginning in 2004, the real estate market in Massachusetts has been less than desirable and corporations have found it difficult to build at new locations. With many leases about to expire and a need to expand into larger more affordable flex-space, we believe this is changing.
Neighboring corporation, Charles River Labs, saw opportunity in Shrewsbury and successfully filed for a Tax Increment Finance (TIF) agreement with the Town of Shrewsbury through the State's Economic Development Incentive Program (EDIP) investing $67.4 million in their new location on South Street adjacent to the Allen property.
This beautifully wooded meadow is strategically located between routes 9 and 20 providing easy access to Shrewsbury's popular Lakeway Overlay District, the city of Worcester, neighboring towns of Northborough and Westborough, and Interstates 290, 190, and 495 with access to the Massachusetts Turnpike.
The property is zoned Office/Research and Flexible Overlay for best-fit uses of Office and Administration, Research and Development, Laboratory, Accessory Manufacturing, Training Centers, Healthcare, or Assisted Living and has been approved for expedited permitting not to exceed 6 months.
CenTech Park North is adjacent to the 400,000 square foot Charles River Laboratories Center of Excellence Office and Research Facility and across the street from the 500,000 square foot administrative offices of University of Massachusetts and the manufacturing facility of Seagate Technology. The property's newest neighbor is Valeritas, a developer of medical technologies such as insulin delivery systems.
With easy access to Route 9 restaurants and businesses and two mile proximity to the MBTA commuter rail, CenTech Park North is an ideal location for commuting employees. For employees looking to relocate, the Town of Shrewsbury is recognized as a premier place in which to live providing numerous town services, the recreational Lakeway district, and an award-winning highly performing school district.
Prop erty marketed for sale or lease by
erty marketed for sale or lease by