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Marlborough pharma names new CEO as its diabetes drug moves to commercialization

Marlborough-based drug manufacturer TheracosBio has named Brian Connelly as its new president and CEO.

Sutton, Franklin properties part of $167M industrial deal

Affiliates of Florida-based real-estate investment firm Westbrook Partners purchased a portfolio of industrial properties from Boston real estate firm Marcus Partners for $167 million, including four Central Massachusetts properties in Sutton and Franklin.

Boston Scientific plans $170M expansion in Minneapolis suburb

Marlborough-based Boston Scientific plans to construct a new facility in Maple Grove, Minnesota, a spokesperson for the biotechnology and manufacturing company confirmed Thursday.

Familiar construction firm tops new list of Central Mass. employee-owned companies

Milford construction contractor Consigli Building Group is the largest employee-owned company based in Central Massachusetts, according to a first-time list produced by the WBJ Research Department for the 2023 Book of Lists.
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Boston Scientific to close California facility, lay off 54

Marlborough-based Boston Scientific will close its manufacturing facility in Fremont, California, and lay off 54 workers beginning on Aug. 11, according to a California WARN report.

Two MetroWest distribution centers sold for $79M

Two class-A warehouses in The Crossroads Industrial Park at 495 on the Marlborough-Northborough border sold for a combined $78.9 million on July 11, according to the Worcester District Registry of Deeds.

Atlanta developer buys Marlborough land for planned 276-apartment development

Atlanta-based developer Wood Partners, which is constructing a high-profile apartment complex in Worcester, completed the purchase of a downtown block in Marlborough for another project – its planned Alta Marlborough mixed-use development.

Berkshire Bank to close two Central Mass. branches, four statewide

Pittsfield-based Berkshire Bank will permanently close two Central Massachusetts branches in Westborough and Marlborough, according to the June 30 activity report by the Massachusetts Division of Banks and Board of Bank Incorporation.
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Prestige Car Wash owners buy Milford plaza, plan car wash

The owners of Canton-based Prestige Car Wash and Gas bought a portion of a Milford shopping plaza for $4.7 million. They plan to build a car wash on part of the site.

Price Chopper parent promotes executives into new COO and CAO roles

New York-based Northeast Grocery, Inc., parent company of Price Chopper and Market 32 supermarkets, has named John Persons as the company’s new chief operating officer and Mike Miller as chief administrative officer, both newly-created positions at the company.
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