“ABI Labs Secures $13M for Expansion”

"ABI Labs Secures $13M for Expansion"

Accelerator Biotechnology Incubator (ABI) Labs in Natick has secured $13.6 million from Rockland Trust to expand with ABI-LAB 3. The company’s COO, Gary Kaufman, expressed excitement for the expansion and its mission to create an innovative community for small to mid-sized emerging life science companies. The goal is to remove operational and financial obstacles for early stage and newer expanding companies.

The expansion will serve as a hub for startups by providing advanced lab space and resources. This project involves demolishing an existing motel at 1350 Worcester Street in Natick MA, and constructing a 34,831-square-foot research lab building expected to be completed by November 2024. Shared amenities such as conference rooms and lounges will also be available at the facility.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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