Bain Capital’s Real Estate team and Botanic Properties have acquired the former Fujifilm facility at 45 Crosby Dr. in Bedford, MA. The investment is being made by GenesisM, a specialized real estate platform dedicated to developing purpose-built biomanufacturing facilities. Financial terms were not disclosed.
The redevelopment of 45 Crosby Dr. will transform the property into an approximately 154,000-square-foot, Class A biomanufacturing facility designed to meet the specialized needs of leading biotech companies. The property is situated on a 15-acre site along the Route 3 corridor, the home of a cluster of life science, manufacturing and technology companies.
“This is an exciting and meaningful opportunity to leverage our deep experience in life science real estate to deliver purpose-built facilities designed with a true understanding of the needs of the end users, while addressing the primary pain points for tenants in today’s market – capital efficiency and speed to market,” said Joe Marconi, partner at Bain Capital.
The post Bain Capital Venture Acquires Former Fujifilm Site in Bedford appeared first on Connect CRE.
