Barings and Greatland Acquire Two East Cambridge Lab Buildings
BARINGS AND GREATLAND ACQUIRE TWO EAST CAMBRIDGE LAB BUILDINGS
Barings and Greatland Realty Partners today announced that they have partnered to acquire two buildings in the Cambridgeport neighborhood of East Cambridge, MA. Located at 167 Sidney Street and 99 Erie Street, the buildings include approximately 54,000 square feet of lab and office space.
“We are thrilled to expand our Boston life sciences presence, especially in a premier submarket like East Cambridge, where fundamentals remain strong,” said Kevin Miller, Head of Real Estate Acquisitions for the Eastern U.S. “At Barings, we have been investing in life sciences real estate for more than a decade and have seen the space evolve from a niche subsector to an economic growth engine experiencing increased interest from our investors.”
“We are pleased to add these two buildings to our growing portfolio,” said Kevin Sheehan and Phil Dorman, co-founders of Greatland. “East Cambridge is the global capital of the life sciences ecosystem and a number of outstanding companies already call this area home.”
About Barings Real Estate
Barings Real Estate (BRE) is a part of Barings and offers a broad range of global investment opportunities across the private debt and equity investment markets. BRE invests in all major property sectors and offers an expansive range of financing solutions to real estate borrowers. Follow us on LinkedIn at linkedin.com/showcase/barings-alternative-investments.
Barings is a $349+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment. Learn more at www.barings.com.
*Assets under management as of June 30, 2022
About Greatland Realty Partners
Greatland Realty Partners is a Boston based developer and owner of strategic office, innovation, and life science workplaces. Our team consists of experienced real estate professionals with a deep understanding of developing, owning, managing, and leasing institutional quality commercial real estate. Our objective is to create a superior work experience for the occupants of our buildings while increasing the value of the properties we develop and own. Learn more at https://www.greatlandpartners.com/.
For Greatland Realty Partners:
Diana C. Pisciotta