Life Sciences

Texas Woman’s University to Break Ground on $107M Health Sciences Center in Denton, Texas

by Jeff Shaw August 31, 2023

DENTON, TEXAS — Texas Woman’s University (TWU) will break ground on a $107 million health sciences center in Denton on Friday, Sept. 15. The 136,000-square-foot facility will serve students in the allied healthcare fields such as nursing, physical therapy and occupational therapy. TWU states the goal of the center is to graduate 30 percent more nursing and healthcare professionals, with a special emphasis on preparing students to serve in rural settings. The new health sciences center will be constructed on seven acres adjacent to Parliament Village, a TWU residential complex housing 872 students. Plans for the facility include laboratory space, classrooms, collaborative workspaces, outdoor clinic sites and a teaching kitchen, as well as community healthcare clinics and training areas for students. Alongside the groundbreaking, TWU will launch the public phase of the $125 million Dream Big Campaign. This is TWU’S first comprehensive fundraising campaign. The Dream Big Campaign is intended to commemorate university’s 125th anniversary in 2026. TWU is a public university that was established in 1901. The university’s main campus is in Denton, with additional health science centers in Dallas and Houston. While TWU admitted its first male students in 1972 and has been fully co-educational since 1992, the school is …

August 31, 2023

Development Life Sciences Massachusetts Northeast

JC&A Delivers 37,000 SF Life Sciences Project in Waltham, Massachusetts

by Taylor Williams August 28, 2023

WALTHAM, MASS. — Locally based construction management firm J. Calnan & Associates has delivered a 37,000-square-foot life sciences project in the western Boston suburb of Waltham. The space, which is a build-to-suit for Biocytogen Pharmaceuticals, is located at 300 Third Avenue, a 143,533-square-foot building that is owned by Dallas-based Lincoln Property Co. The facility features an open-floor design, climate-controlled vivarium and advanced cell culture and procedure suites.

August 28, 2023

Acquisitions Colorado Life Sciences Net Lease Western

Real Capital Solutions Buys Medtronic Lafayette Campus in Colorado for $188M

by Amy Works August 25, 2023

LAFAYETTE, COLO. — Real Capital Solutions has acquired Medtronic Lafayette Campus from Ryan Cos. for $188 million. The acquisition consists of two five-story life sciences office buildings located at 200 and 250 Medtronic Drive in Lafayette, approximately 20 miles north of Denver. Completed earlier this year, the 42-acre, 404,159-square-foot property is Medtronic’s second largest U.S. campus, which will eventually house about 1,200 employees. As sole tenant of the property, the medical device company has a guaranteed, 20-year, triple-net lease.

August 25, 2023

Delaware Development Life Sciences Loans Northeast

MRA Group Receives $63M for Life Sciences Redevelopment in Wilmington, Delaware

by Taylor Williams August 24, 2023

WILMINGTON, DEL. — Pennsylvania-based developer MRA Group has received $63 million for the redevelopment of Chestnut Run Innovation & Science Park, a 164-acre, 14-building development in Wilmington. MRA Group will use the funds to continue renovations of the campus’ 14 buildings to support lab, R&D and advanced manufacturing uses. Additional plans for the campus include a hotel, fitness center, conference facilities, an outdoor amphitheater and accommodations for food services. Fulton Bank, in conjunction with Nuveen Green Capital through C-PACE, financed $50 million of the funds, while WSFS Bank provided the remaining $13 million.

August 24, 2023

Leasing Activity Life Sciences Massachusetts Northeast Office

Spindrift Renews, Expands Headquarters Space in Newton, Massachusetts

by Taylor Williams August 24, 2023

NEWTON, MASS. — Spindrift, a provider of sparkling water, has renewed and expanded its headquarters space at Chapel Bridge Park, an office and life sciences development located in the western suburb of Boston of Newton. The tenant now occupies more than 20,000 square feet at the eight-building, 250,000-square-foot campus, which is owned by The Bulfinch Cos. Jared Pimm of CBRE represented Spindrift in the lease negotiations.

August 24, 2023

Development Georgia Leasing Activity Life Sciences Mixed-Use Office Southeast

Trammell Crow Co., GATV Top Out 13-Story Science Square Labs Development in Atlanta

by John Nelson August 22, 2023

ATLANTA — Trammell Crow Co. and partner Georgia Advanced Technology Ventures (GATV) have topped out Science Square Labs, a 13-story research-and-development (R&D) facility located adjacent to the Georgia Tech campus in Atlanta. GATV is a cooperative organization of Georgia Tech. The 368,258-square-foot building is part of the first phase of Science Square, an 18-acre mixed-use development that will offer laboratory, R&D offices, dining options and residences. Brasfield & Gorrie is the general contractor on Phase I of Science Square. Also part of the first phase is a 280-unit residential tower by High Street Residential, an affiliate of Trammell Crow Co. The developers aim to deliver Phase I in the first quarter of 2024. Designed by Perkins & Will, Science Square Labs will feature wet and dry laboratories, collaborative spaces, food-and-beverage outlets, a fitness center, interactive conference rooms, indoor/outdoor lounge, catering kitchen and six “graduator” speculative lab/office suites that will accommodate growing life sciences firms. Additionally, Cherry Street Energy is installing a 38,000-square-foot solar panel array atop the parking garage. The design-build team is aiming for Science Square to achieve LEED Gold and WELL certifications. In addition to the topping out, the ownership group has signed the first tenant at Science …

August 22, 2023

77-Corporate-Drive-Bridgewater-New-Jersey

Development Life Sciences New Jersey Northeast Office

Legacy Investing Completes 210,000 SF Life Sciences Conversion Project in Bridgewater, New Jersey

by Taylor Williams August 8, 2023

BRIDGEWATER, N.J. — Virginia-based Legacy Investing has completed a project in the Northern New Jersey community of Bridgewater that converted a 210,000-square-foot office building into a life sciences facility. The building at 77 Corporate Drive offers proximity to multiple interstates as well as Newark Liberty International Airport. A Fortune 500 global life sciences company recently signed a lease at the building, and Legacy Investing has engaged Cushman & Wakefield to market the remainder of the space for lease.

August 8, 2023

Development Life Sciences Texas

McCord Development to Build 45-Acre Life Sciences Campus at Houston’s Generation Park

by Taylor Williams August 7, 2023

HOUSTON — McCord Development will build a 45-acre life sciences campus at Generation Park, the company’s 4,300-acre master-planned development in northeast Houston. Known as BioHub Two, the 500,000-square-foot campus represents the first phase of a larger life sciences development initiative at Generation Park and will house manufacturing, lab and traditional office space. McCord has concurrently invested $30 million in infrastructural upgrades to support the site. The construction timeline is contingent upon McCord securing a tenant or buyer for the site. Once a deal is secured, McCord could have buildings ready for occupancy within 18 to 24 months.

August 7, 2023

Illinois Leasing Activity Life Sciences Midwest

Belay Diagnostics Signs 4,000 SF Lease at Fulton Labs in Chicago

by Kristin Harlow August 7, 2023

CHICAGO — Belay Diagnostics has signed a 4,000-square-foot lease within the science-ready lab suites at Fulton Labs in Chicago. The company, which uses a proprietary molecular testing platform licensed from Johns Hopkins to revolutionize how brain and spinal cord cancers are detected, will move into the fifth-floor space beginning in September. The science-ready lab suites at Fulton Labs are move-in ready private labs spanning 3,000 to 7,000 square feet. Dan Lyne and Kelsey Scheive of CBRE represented ownership, Trammell Crow Co.

August 7, 2023

Acquisitions Life Sciences Massachusetts Northeast Office

Newmark Brokers $58M Sale of Two Office, Life Sciences Buildings in Andover, Massachusetts

by Taylor Williams July 28, 2023

ANDOVER, MASS. — Newmark has brokered the $58 million sale of two office and life sciences buildings totaling 273,662 square feet in Andover, a northern suburb of Boston. The building at 50 Minuteman Road totals 145,262 square feet and serves as the headquarters of Mercury, a provider of technology solutions for the aerospace and defense industries. The facility at 6 Technology Drive spans 128,400 square feet and serves as a design, development and manufacturing hub for Dräger, a supplier of medical and safety technology products. Robert Griffin, Edward Maher, Matthew Pullen and Samantha Hallowell of Newmark represented the seller, California-based REIT Peakstone Realty Trust, in the transaction. The team also procured the buyer, Boston-based Rhino Capital Advisors.

July 28, 2023

Newer Posts

Older Posts