GI Partners Acquires Two Life Science Properties in Boston, Another near NC’s RTP

San Francisco, CA-based GI Partners has acquired three East Coast life science properties representing 419,000 square feet on behalf of its essential tech and science fund.

• 51 Melcher Street (103,000 square feet, Boston, MA): A nine-story, urban lab conversion property centrally located in Boston’s thriving Seaport life sciences district. The Seaport offers access to skilled talent, a 24/7 atmosphere, and the region’s top institutions, scientists and venture capital firms.

• 3 Burlington Woods (164,000 square feet, Burlington, MA): An existing four-story office building located in a rapidly growing suburban Boston life science submarket. 3 Burlington Woods is expected to be a significant interior renovation project designed to achieve scaled lab conversion with opportunities for both large and early-stage users.

• Regency Woods (152,000 square feet, Cary, NC): A class A, six-story suburban office property with established pharma tenancy and long-term future lab conversion potential with access to the growing technology and established life science industries in Raleigh-Durham and the nearby Research Triangle Park.

Photo: 51 Melcher Street, Boston