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NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key Facts

Year Built 1981
Building Area
Land Area

Property Description

On behalf of Sound Mark Partners and Jumbo Capital Partners, JLL is pleased to present 100 Crosby Drive, a 52-acre campus, anchored by a 287,890 square feet Class A office building in Bedford, Massachusetts. The property was formerly 100% occupied by Oracle until the company vacated in April 2020. This vacancy presents an exciting opportunity to take a premier 128 asset in the middle of the Middlesex Turnpike Life Science cluster and reposition as a state-of-the art lab/R&D facility.

The favorable location coupled with strong existing infrastructure and a phenomenal amenity package make this an incredibly unique conversion opportunity. Further enhancing the opportunity, the site presents additional development potential of more than 300,000 square feet. This offering is being marketed as-is, free and clear of any debt.

Investment Highlights

  • Institutional-quality lab repositioning potential
  • Middlesex Turnpike: an established Greater Boston Life Science node
  • Supply-constrained life science market
  • Life Science market resiliency
  • Repatriation of drug manufacturing
  • Additional development potential on-site
  • Highly accessible, amenity rich location
Last Updated Date: 30 Sep 2020
Matthew Sherry
Matthew Sherry
Managing Director, Capital Markets
License details
MA-1​3​4​6​5​5
Kerry Hawkins
Kerry Hawkins
Senior Director, Capital Markets
License details
MA-9038451

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Last Updated Date: 30 Sep 2020