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Optimum, Redgate and AEW purchase site for life sciences campus
Transactions - MAY 5, 2021

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Optimum, Redgate and AEW purchase site for life sciences campus

by Released

Optimum Asset Management and Redgate have purchased 100 Crosby Road, a prime 52-acre commercial parcel located in Bedford, Mass., in partnership with AEW Capital Management. The deal will see the asset redeveloped into a state-of-the-art research campus in the heart of Greater Boston’s world-class life sciences cluster.

Anchored by an existing 288,000-square-foot office building, Optimum and Redgate expect to launch full-scale renovations to the campus later this spring. The new class A life sciences building will be designed to include mechanical systems, freight and loading docks, as well as full-scale modernization of site-wide internal and external amenities. The parcel also has zoning approval for approximately 300,000 square feet of additional office, laboratory and manufacturing space.

Home to nearly 30 life sciences companies, the Bedford-located site offers easy highway access and close proximity to the universities and research institutes in Cambridge.

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