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Trammell Crow Company Invesco Real Estate are developing 440 Bedford life science building in Lexington, MA.

TCC, Invesco to Develop 310K-SF Life Science Building in Lexington

Trammell Crow Company and joint venture partner Invesco Real Estate are developing a 310,000-square-foot life science building in Lexington, MA.

Joshua Siegel at Invesco Real Estate led the transaction.

“Invesco Real Estate has strong, long-term convictions within the life science sector, believing it will benefit from two secular trends — global aging and advances in scientific technologies,” said Greg Kraus, managing director, head of transactions for Invesco Real Estate.

The six story, Class A property, named 440 Bedford, will be the first purpose-built life science building in Lexington since the town changed its zoning laws to allow for higher density. Amenities are to include parking garage, bicycle storage, cafeteria, fitness center and outdoor spaces.

440 Bedford is within the Lexington-Hartwell Avenue submarket on Bedford Street, which connects to suburban downtown and retail in Lexington, is adjacent to Interstate 95 and is a ten-minute drive to Route 2, the primary connector between Cambridge and Boston’s suburbs.


Inside The Story

Invesco Real Estate's Kraus

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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