AEW Purchases Office Property to be Converted to a Life Sciences Complex

AEW Capital Management (“AEW”) announced the acquisition of 100 Crosby Road, located in Bedford, Massachusetts. The property was purchased along with Redgate and Optimum Asset Management, which will be joint venture partners in the project.

100 Crosby is located within the expanding Middlesex Turnpike suburban life-science/lab cluster, which currently includes approximately 2.5M SF of life-science tenants.  Tenants in the submarket include ThermoFisher, Milipore Sigma, Shire Pharmaceuticals, Homology and EMD Serrono’s newly constructed US headquarters office that is adjacent to 100 Crosby. 

You can now read the full press release at the link below