In what has been reported by the Boston Business Journal as one of the largest commercial property transactions in the Boston area during the past year, CS Capital Management, Inc. has acquired a Waltham, Massachusetts-based life sciences campus for $578 million.
The seller was TPG Real Estate’s Alloy life science platform. TPG bought the nearly 600,000-square-foot campus in 2020 for $340 million with a strategy of attracting more life science tenants through a lab conversion.
CS Capital Management is a real estate investment management and advisory company with approximately $848 million of institutional assets under management.
According to data captured in the LevinPro HC database, this transaction marks the first life sciences building subsector deal of 2023.