Bedford, MA – Redgate and Optimum Asset Management, in partnership with AEW, announced the delivery of the core and shell of Bedford Labs, a state-of-the-art lab and research building located at 100 Crosby Drive in Bedford. The delivery of Bedford Labs comes as Redgate, Optimum and AEW celebrate the grand opening of another nearby lab, research and biomanufacturing complex in Bedford, Riverwalk Labs.
Bedford Lab’s first phase, which entails a fully renovated existing 288,000sf, delivers fully leased after securing one of the largest suburban leases in Massachusetts with Sarepta Therapeutics, a global biotechnology company focused on precision genetic medicine for rare diseases. Tenant fit-out of the building is currently underway, and the building will be outfitted with numerous amenities specifically designed to accommodate Sarepta Therapeutics.
Redgate recently secured approvals to develop an additional 300,000sf of lab, research and biomanufacturing space at Bedford Labs. The new development will be designed for the next generation of life sciences, clean technology, and tough technology tenants.
“Life sciences tenants have leased close to 1.2 million sq. ft. of space in the Middlesex Route 3 Corridor since the beginning of 2022, over half of which has been new growth in Bedford. The submarket’s leasing activity is second only to Cambridge/Somerville across the entire Greater Boston region,” said Tom Hamill, principal at Redgate.
Nearby, Riverwalk Labs, a 168,000sf lab located at 14 Oak Park Drive in Bedford, celebrated its opening on Oct. 11. Designed by Ci Design Inc., Riverwalk Labs will feature numerous on-site amenities including a food hall managed by Craft Foods, a fitness center, meditation room, bike storage space, walking trails along the Shawsheen River, and pickleball and basketball courts.
Riverwalk Labs and Bedford Labs are in close proximity to more than 50 nearby tech, life sciences, and bioscience research companies, and are less than a mile from Route 3 and less than 5 miles from I-95. Burlington Mall and more than 120 restaurants are located in the surrounding areas.
“The nearby area is comprised of established leaders in the life sciences and clean and tough technology sectors, making it an ideal opportunity for Redgate to continue its investment in the Middlesex 3 Corridor,” Hamill said. “We’re proud to attract the best in the field to our Bedford developments and engage the extremely strong workforce that surrounds us.”