property type: Life Sciences

Crain's Chicago Business Bank OZK has provided $125 million of financing for the construction of Ally, a 320,000-square-foot life-science property in Chicago. Sterling Bay Co. of Chicago is building the eight-story property at 1229 West Concord Place. It is expected ...

Boston Real Estate Times Ginkgo Bioworks, a biotechnology company, has fully leased a 228,000-square-foot life-sciences property that's under development in Boston. Marcus Partners is developing the property, which will consist of a 219,000-sf life-sciences building and a 9,000-sf amenity building. ...

GI Partners has paid $74.6 million, or $726.20/sf, for the 102,727-square-foot office building at 51 Melcher St. in Boston. The San Francisco investment manager bought the property from Zurich Alternative Asset Management of New York, which had purchased it in 2014 ...

Clarion Partners has acquired a 70 percent stake in Alexandria Center, a 290,111-square-foot life-sciences property in downtown Seattle, in a deal that values the property at $364 million, or about $1,254/sf. The New York investment manager purchased the stake from ...

Commercial Real Estate Direct Staff Report Healthpeak Properties Inc. has paid $180 million, or $787.43/sf, for the Cambridge Highlands Campus, a 228,592-square-foot life-sciences and office property in Cambridge, Mass. The Denver REIT, formerly known as HCP Inc., bought the four-building ...

PCCP LLC has provided $39.8 million of financing against a portfolio of three life-sciences and creative-office properties with a combined 124,946 square feet in suburban Boston. The loan allowed the portfolio's owner, KS Partners LLC of Andover, Mass., to retire ...

Philadelphia Business Journal A venture of Centerbridge Partners and Plymouth Group plans on constructing the Budd Campus, a 2.4 million-square-foot life-sciences complex in Philadelphia. The property will offer a mix of laboratory and manufacturing space. The 25-acre development site sits ...