Bain Capital’s Real Estate team and Botanic Properties, a real estate investment and development firm focused on addressing the needs of the biomanufacturing industry, have acquired 45 Crosby Drive in Bedford, Massachusetts, to transform the property into an approximately 154,000-square-foot Class A biomanufacturing facility designed to meet the specialized needs of leading biotech companies.

The facility will feature 12,000 amps of incoming electrical power, 27-foot ceiling heights, up to 18 loading berths, 40’ x 40’ column spacing, and a strategic delivery that will allow multiple tenants to operate highly regulated independent facilities. The property is situated on a prominent 15-acre site along the Route 3 corridor, which is home to a cluster of life science, manufacturing, and technology companies, providing convenient access for a regional workforce and to the heart of Kendall Square, a leading biotech hub.

Bain Capital’s Real Estate team has invested in over 7 million square feet of life science real estate since 2013 and currently owns and operates a portfolio of over 5 million square feet in key strategic U.S. life science markets.

“Botanic is fortunate and proud to have found a partner in Bain Capital that truly understands the real estate needs of the life science industry,” said Joshua Zinns, Managing Principal of Botanic Properties. “Their commitment to the industry and market insights derived from across the firm’s healthcare platform give us the ability to design and deliver world class biomanufacturing assets and to take a long term, strategic approach to delivering solutions for our tenants.”