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Life Science Venture Capital Firm Acquires Elm Street Labs Complex

Shannon Life Sciences Buys Newly Built Watertown Facility from Developers
Cambridge-based Shannon Life Sciences purchased a newly built life sciences building at 23 Elm St. in Watertown that is ready for interior tenant fit out and occupancy. The building will serve as Shannon's new headquarters. (CoStar)
Cambridge-based Shannon Life Sciences purchased a newly built life sciences building at 23 Elm St. in Watertown that is ready for interior tenant fit out and occupancy. The building will serve as Shannon's new headquarters. (CoStar)
By Micah Cobbs
CoStar Research
July 30, 2024 | 3:04 P.M.

Elm Street Labs, a recently completed R&D facility in Watertown, Massachusetts, was acquired by Shannon Life Sciences for just under $55.7 million or approximately $745.84 per square foot.

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