A fund sponsored by CBRE Investment Management has acquired a partial interest in 100 Binney, a 432,931-square-foot life-sciences building located in the Kendall Square neighborhood of Boston, through a joint venture with an institutional investor and a publicly traded REIT. The acquisition is aligned with the fund’s strategy to increase exposure to emerging growth sectors, including life sciences.
Originally built in 2018, 100 Binney is a 10-story, class-A, life-sciences building, which was built to prioritize sustainability, efficiency and flexibility, with features to support a variety of mission-critical requirements from both office and lab users. These features include lab and office spaces, highly functional floor plates averaging 43,000 square feet, 14-feet, 6-inch ceiling heights, bicycle parking, shower facilities, subterranean parking, ample loading docks and HVAC systems, and solar panels on the roof. The building, which is LEED Gold certified, is 100-percent le
