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Allston Labworks Allston MA King Street Properties

King Street, Brookfield Form Life Science Real Estate JV

Boston-based King Street Properties, which specializes in life science real estate, has formed a partnership to pursue investment in life science real estate across the U.S. with a Brookfield Asset Management private real estate fund.  

The partnership intends to invest approximately $1.5 billion in equity capital towards King Street’s life science real estate pipeline. Additionally, Brookfield entered into an agreement to purchase an interest in King Street’s operating platform. 

King Street continues to own and operate its existing portfolio of 2.5 million square feet of stabilized assets and 2.3 million square feet of assets under development. 

“The potential in the life science real estate market has never been greater, and the new Brookfield/King Street  combination will allow us to match the expertise we have acquired over 20 years in the sector with Brookfield’s substantial financial resources and reach,” said Thomas Ragno, principal and founder of King Street Properties. 

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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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