Bain Capital’s Real Estate team and Botanic Properties have acquired 45 Crosby Drive in Bedford, Mass.
The investment is being made by GenesisM, a specialized real estate platform dedicated to developing purpose-built biomanufacturing facilities. Financial terms of the purchase were not disclosed.
The redevelopment of 45 Crosby Drive will transform the property into an approximately 154,000-square-foot, state-of-the-art, class A biomanufacturing facility designed to meet the specialized needs of leading biotech companies. The facility will feature industry-leading specifications, including 12,000 amps of incoming electrical power, 27-foot ceiling heights, up to 18 loading berths, 40-foot by 40 foot column spacing, and a strategic delivery that will allow multiple tenants to operate highly regulated independent facilities. The property is situated on a prominent 15-acre site along the U.S. Route 3 corridor, which is home to a cluster of life science, manufacturi
