Alloy Properties and Anchor Line Partners announced on June 14 that the companies purchased five life science buildings in Cambridge and Waltham, Massachusetts. The life science properties total 425,000 square feet.
Backed by TPG Real Estate Partners, Alloy Properties is a national life science platform that focuses on investing in life science and innovation campuses in the major life science markets, including Boston, San Diego, San Francisco, Seattle, Raleigh-Durham and Atlanta.
Anchor Line Partners is a Boston-based real estate investment firm with more than $2 billion of commercial real estate assets under management.
The acquisition brings Alloy’s footprint in Boston to 1.8 million square feet, making Alloy one of the largest life science real estate owners in the area, according to the press release. The terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks the seventh life science building acquisition of 2023. Over the course of the year, 15 life science facilities have been acquired, totaling more than 5.1 million square feet.
