JLL Arranges $150 Million Refinance For Bedford Labs Leased To Sarepta Therapeutics

The asset involved in this transaction is a life sciences facility located at 100 Crosby Drive in Bedford, MA. The property spans 288,000 square feet and is situated on 52 acres of land. The facility is fully leased to Sarepta Therapeutics.

Summary of transaction details:

• Property Type: Life Sciences
• Transaction Amount: $150,000,000
• Address: 100 Crosby Drive
• Market: Bedford, MA
• Landlord: AEW Capital Management, Redgate & Optimum Asset Management
• Brokers: Brett Paulsrud, Mike Shepard & Tom Sullivan - JLL
• Loan Type: Refinance
• Loan Amount: $150,000,000

JLL Capital Markets played a crucial role in this transaction by arranging the refinancing for Bedford Labs. This facility was recently converted and is a significant component of the life sciences market in Bedford.