John Connaughton Of Bain Capital Real Estate And Joshua Zinns Of Botanic Properties Acquire Bedford Industrial Facility For $26M

An industrial asset located at 45 Crosby Drive in Bedford, MA has been sold for a price of $26,000,000. The property spans 154,000 square feet, resulting in a price per square foot of $169.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $26,000,000
• Address: 45 Crosby Drive
• Market: Bedford, MA
• Square Footage: 154,000
• Price per Square Foot: $169
• Buyer: John Connaughton - Bain Capital Real Estate
• Buyer: Joshua Zinns - Botanic Properties

Bain Capital Real Estate and Botanic Properties are in the process of converting the acquired building into a biomanufacturing facility, indicating their strategic intentions for the asset post-acquisition.