SHREWSBURY – Shrewsbury Town Manager Kevin Mizikar provided updates on Centech Park North at the Select Board meeting on Oct. 24.
Mizikar said that Physik Instrumente (PI) was currently in negotiations with the developer Northbridge Partners to lease 125,000 square feet of the 197,000-square-foot building.
PI, which is a high-tech manufacturer, outlined plans to move to Shrewsbury in September. The space would be PI’s new American headquarters.
Northbridge communicated that the company was “confident” it would be able to sign a lease with PI. PI is seeking tax incentives (TIF) to move to Shrewsbury; Shrewsbury Town Meeting would need to approve the TIF for PI to officially move to the site.
Northbridge has also signed a lease with WuXi Biologics, a Worcester-based pharmaceutical manufacturer, for 58,000 square feet of the smaller Centech Park North building. The company will use the space for cold storage and chemical storage.
“It’s good to get another bio business into that area of town,” Mizikar said.
The property is located at the corner of South Street and Route 20.