Transactions - SEPTEMBER 21, 2022

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GI Partners buys four life sciences properties in coastal markets

by Released

GI Partner has bought four life sciences properties totaling over 407,000 square feet on behalf of its Essential Tech + Science Fund (ETS Fund).

The properties include Blackstone Science Square in Cambridge, Mass., a high quality, fully leased lab building, and the Peninsula Lab Collection, a portfolio of three life sciences lab buildings in South San Francisco and San Carlos, Calif.

Blackstone Science Square offered GI Partners the opportunity to acquire a stabilized, highly functional lab building situated in one of the country's largest life sciences markets. The 77,000-square-foot  property had been previously converted to lab and is fully leased to life sciences tenants. The building maintains an advantaged position in the local lab ecosystem and is home to several prominent biotechnology companies.

The Peninsula Lab Collection is a scaled portfolio of stabilized class A lab properties in two leading submarkets in the Bay Area. The 330,000-square-foot port

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