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Boston & New England  + Metro Boston  + Industrial  | 

JV of Botanic Properties, Bain Capital Breaks Ground on Biomanufacturing Facility

GenesisM, a joint venture between Bain Capital Real Estate and Botanic Properties, broke ground on its 154,000-square-foot Class A biomanufacturing facility at 45 Crosby Dr. in Bedford, MA. The JV said the project represents a significant step forward in addressing the critical need for purpose-built life sciences
manufacturing infrastructure in the Greater Boston region.

“This groundbreaking marks a major milestone in the evolution of GenesisM,” said Joshua Zinns,
managing principal of Botanic Properties. “We are proud to advance our mission of delivering flexible,
capital-efficient biomanufacturing facilities that help companies bring innovative therapies to market
faster and more efficiently. We are particularly pleased to be able to deliver this project in Bedford, MA,
which is one of the most forward-thinking communities for life science and technology companies.”

Construction is currently underway, with tenant fit-out commencing as early as the second quarter of 2026 and final core and shell delivery expected in Q3 2026. Barings provided financing for the project.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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