facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
FINANCED
$150,000,000
Tom Sullivan
Brett Paulsrud
MS

Massachusetts

See Similar Deals
Life Sciences288,000 SF
Financed 09/09/2024
the dealplayerscompscontact
Property Image
FINANCED

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

100 Crosby Drive

See Similar Deals
Life Sciences288,000 SF
Financed 09/09/2024
Tom Sullivan
Brett Paulsrud
MS
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:Life Sciences
Price Per Square Foot:$520
Total Square Footage:288,000 SF
Transaction Type:Loan

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.

Players

Brett Paulsrud
JLL
Brett Paulsrud
20 deals$2.9B volume(617) 848-1571
BROKER
MS
JLL
Mike Shepard
4 deals$587.3M volume
BROKER
Tom Sullivan
JLL
Tom Sullivan
6 deals$562.8M volume(917) 517-9244
BROKER

Details

FINANCED
IMAGE: Brett Paulsrud, Mike Shepard & Tom Sullivan DATE: 09/09/2024 ADDRESS: 100 Crosby Drive MARKET: Bedford, MA ASSET TYPE: Life Sciences ~ SF: 288,000 ~ ACRES: 52 LANDLORD: AEW Capital Management, Redgate & Optimum Asset Management BROKERS: Brett Paulsrud, Mike Shepard & Tom Sullivan - JLL (@JLL) LOAN AMOUNT: $150,000,000 LOAN TYPE: Refinance NOTE: JLL Capital Markets arranged a $150 million refinancing for Bedford Labs, a newly converted 288,000-square-foot life sciences facility in Bedford, MA, fully leased to Sarepta Therapeutics.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$150,000,000.00

Monthly NOI$1,000,000.00
Monthly Debt Service$948,102.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00