Blackstone
Update
12/15/20
Blackstone Acquires 2.3M SF of Cambridge Life Science Space
Blackstone Property Partners acquired a best-in-class portfolio of East Cambridge life science space from Brookfield Asset Management for the sum of $3.45 billion. The transaction included 2,300,000 SF of East Cambridge office properties making Blackstone the largest life science office owner in Cambridge.
“This transaction illustrates Blackstone’s continued conviction in the life sciences space both broadly, and within real estate, investing in best-in-class assets located adjacent to top-tier research and education institutions,” said Nadeem Meghji, Head of Blackstone Real Estate Americas.
Blackstone is the largest real estate private equity firm in the world today with $120 billion of assets under management.
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