In just over two years since BioMed Realty acquired the 1M SF Flatiron business park in Boulder, Colorado, leasing has fallen flat, with just 50K SF of life sciences tenants signed this year.
The life sciences-focused REIT, which is owned by Blackstone, has also signed an extension on a $2.9B loan originated by Deutsche Bank. The note was originally set to mature last month but has been extended until May 2027.
In a series of statements provided to Bisnow last week, BioMed didn’t name the tenants that make up the 50K SF in life sciences leasing this year. That square footage is roughly…
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