GI Partners Acquires Premier Life Sciences Asset in Boston's Seaport Lab Cluster.
MANews-(C)2009-2022
San Francisco-based private investment firm GI Partners has acquired Boston-based life science, data centre, and creative office asset from New York-based Related Fund Management, to continue its strategy of acquiring and managing technology enabled real estate, the company said.
Terms of the transaction were not disclosed.
The 479,000-SF Boston property, 451 D, is leased to biotechnology firms and multiple established data center operators.
Related Fund Management will retain a minority interest in the ownership of the property.
Eastdil Secured represented the seller on this transaction and placed debt financing for the new ownership group.
The technology and life sciences real estate...
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