Bedford Labs

Science & Technology

Photo credit: Andy Ryan

Square Footage:
288,000
Acres:
51.5
Equity Partner:
AEW Capital Management (Limited Partner) | Optimum Asset Management (co-General Partner)
Debt & Lender:
Mack Real Estate Group (Initial Loan) | Apollo (Refinanced Loan)

100 Crosby Drive is a 288,000-square-foot office building located on a 51.5-acre site that RCP converted into a state-of-the-art sciences facility. RCP formed a joint venture with Optimum Asset Management and AEW to acquire this property through a limited marketing process. In the spring of 2022, RCP signed a lease for the entire building with Sarepta Therapeutics Inc.

RCP led all aspects of the project’s entitlement, design, delivery, and ongoing asset management, relying on its local knowledge, sciences experience, and regulatory and development expertise to manage risk and maximize value.

Status:

Operational | 100% Leased