10/21/2026
๐๐ฎ๐ฏ ๐ฉ๐ฎ๐ฐ๐ฎ๐ป๐ฐ๐ ๐๐ถ๐๐ ๐ฎ๐ด.๐ณ% ๐ฎ๐ ๐๐ฒ๐ป๐ฑ๐ฒ๐ฟ ๐ง๐ฎ๐ธ๐ฒ๐ ๐๐ฎ๐ฐ๐ธ ๐ฆ๐ผ๐๐๐ต ๐๐ป๐ฑ ๐๐ถ๐ณ๐ฒ ๐ฆ๐ฐ๐ถ๐ฒ๐ป๐ฐ๐ฒ๐ ๐ฃ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐
BioMed Realty has handed over ownership of its two-building lab and office complex at 1000 Washington St. and 321 Harrison Ave. in Boston's South End to its lenders, KKR Real Estate Finance Trust and AllianceBernstein, according to Bisnow. BioMed borrowed $322 million against the property in 2021 to convert it from office to lab space during the pandemic-era life sciences boom. That boom reversed, and Greater Boston lab vacancy now sits at 28.7% as of the second quarter, per CBRE.
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๐ฅ๐ฒ๐ฎ๐ฑ ๐๐ต๐ฒ ๐ฎ๐ฟ๐๐ถ๐ฐ๐น๐ฒ ๐ต๐ฒ๐ฟ๐ฒ: ๐๐ฎ๐ฏ ๐ฉ๐ฎ๐ฐ๐ฎ๐ป๐ฐ๐ ๐๐ถ๐๐ ๐ฎ๐ด.๐ณ% ๐ฎ๐ ๐๐ฒ๐ป๐ฑ๐ฒ๐ฟ ๐ง๐ฎ๐ธ๐ฒ๐ ๐๐ฎ๐ฐ๐ธ ๐ฆ๐ผ๐๐๐ต ๐๐ป๐ฑ ๐๐ถ๐ณ๐ฒ ๐ฆ๐ฐ๐ถ๐ฒ๐ป๐ฐ๐ฒ๐ ๐ฃ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ https://www.bisnow.com/news/boston/life-sciences/biomed-loses-south-end-lab-office-property-to-lender-135556
BioMed had acquired the two-building South End property in 2021 with plans to convert it from office to labs.