Alexion's Cheshire Headquarters Sell for $32 Million

The building housing Alexion Pharmaceuticals at 350 Knotter Drive in Cheshire has been sold for $32 million dollars. Winstanley Enterprises LLC of Concord, Mass. purchased the 175,000-square-foot building on July 27.

It's the second time the company has owned the building, according to its portfolio. Winstanley purchased the Knotter Drive property in 2000 for $6.2 million. It then sold it in 2007 to Fortress Investment Group LLC of New York.

The town will receive $80,000 in conveyance tax on the transaction said Economic Development Coordinator Gerald Sitko. “It’s good news for the town. The building will continue to be used in a productive manner,” he said.

Alexion received a $51 million economic development package from the state in June that will allow the research company to move to New Haven and expand its workforce.

Alexion spokesman Irving Adler said Wednesday the company wouldn’t leave Cheshire until 2015. “The building (in New Haven) is still being constructed,” he said. The company has always been a tenant in the building, he added. The sale doesn’t affect the firm’s operations, Adler said.

Alexion reported that its revenues increased 48 percent in the second quarter of 2012 to $274.7 million, compared to $185.7 million for the same period last year.