Bradley Company/RESOURCE’s Joshua Abrams, Sam Smith and Mitch Doner recently brokered the investment sale of a medical manufacturing and research facility in Owen County, Indiana.
The 258,375-square-foot complex is located at 780 Brookside Drive in Spencer, Indiana. Abrams, Smith and Doner represented the seller along with Camille Renshaw and Tim Hain of B+E Net Lease.
Boston Scientific has been the tenant of the building since 1988 and uses the site to produce instruments for its endoscopy and urology divisions. In 2018, the Spencer Town Council unanimously approved a 20-year tax abatement for Boston Scientific with Boston Scientific agreeing to hire an additional 350 employees, bringing the total to 1,400 employees at the Spencer facility.
The facility broke ground on its expansion in July 2019 to bring the total facility to 258,375 square feet. Boston Scientific plans to use the new space for administrative functions to free up more space in the current facility for production.