PLEASANTON, CALIF. — Ware Malcomb, serving as civil engineering, interior architecture and design-and-build measurement services, and Metcon, as general contractor, have completed a 120,000-square-foot tenant improvement project for Unchained Labs. Located at 4747 Willow Road in the Bay Area city of Pleasanton, the two-story building features 53,887 square feet of office space, 20,379 square feet of manufacturing space and 14,779 square feet of lab and warehouse space. The newly designed facility also includes an “all hands room;” a gym and locker area with specialty private shower areas; wet labs for life sciences research and development designed with a plug-and-play approach; a lab area with a clean room and humidity-controlled room facilities; electric vehicle charging stations; and loading docks. Unchained Labs develops new tools for biologics and gene therapy researchers.
Life Sciences
Montana Avenue Capital Partners Sells Two-Property R&D/Lab Portfolio in San Diego for $30.8M
by Amy Works
SAN DIEGO — Montana Avenue Capital Partners has completed the disposition of a two-building R&D and laboratory portfolio, located at 16981 Via Tazon and 11501 Rancho Bernardo Blvd. in the Rancho Bernardo submarket of San Diego. Dollinger Properties acquired the asset for $30.8 million. The portfolio consists of two fully leased buildings offering a combined rentable area of 90,000 square feet. Bob Prendergast and Lynn LaChapelle of JLL Capital Markets, along with Tim Olson and Greg Moore of JLL, represented the seller and procured the buyer in the deal.
Lasalle Co., Hannay Investment Divest of 25,569 SF Nextmune-Occupied Lab Space in Phoenix
by Amy Works
PHOENIX — Lasalle Co. LLC and Hannay Investment Properties have sold a 25,569-square-foot lab space at 2801 S. 35th St. in Phoenix. PR & MC Properties LLC purchased the asset for $6.3 million, or $246 per square foot. Nextmune, a global animal pharmaceutical company, fully leases the property. Originally built in 1991, the building was renovated last year to include a state-of-the-art, FDA-certified laboratory and manufacturing facility with multiple clean rooms and built-in coolers. Situated on 1.9 acres, the property serves as one of Nextmune’s five laboratory facilities around the globe and its only U.S. location. The property features 142 parking spaces, a gated yard and loading docks with one grade-level door and one truck well. Geoffrey Turbow of CBRE Investment Properties represented the seller in the deal.
WALTHAM, MASS. — General contractor J. Calnan & Associates has completed a 52,000-square-foot life sciences project in the western Boston suburb of Waltham. The facility at 880 Winter St. is a build-to-suit for biotechnology user Lyra Therapeutics and features a 5,000-square-foot manufacturing space, quality control labs, support labs and office space. Perkins & Will served as the project architect, with BR&A Engineers handling that aspect of development. Boston Properties owns the building.
BEDFORD, MASS. — A partnership between Redgate, Optimum Asset Management and AEW Capital Management has delivered Riverwalk Labs, a 168,000-square-foot life sciences and manufacturing project in Bedford, about 20 miles northwest of Boston. The developers converted a former office building into a facility with 20,000-square-foot lab and office suites, as well as four separate tenant lobbies and multiple loading docks. Ci Design served as the project architect, and J. Calnan & Associates served as the general contractor.
SAN DIEGO — Biotest Inc. has purchased a research and development (R&D) facility, located at 10140 Mesa Rim in the Sorrento Mesa neighborhood of San Diego, for $23 million. The China-based life sciences company plans to use the 42,547-square-foot property for product development and distribution. Todd Holley of Voit Real Estate Services represented the buyer in the transaction. The name of the seller was not released.
SUFFERN, N.Y. — Regeneron Pharmaceuticals (NASDAQ: REGN) has purchased Avon Innovation Center, a 235,000-square-foot life sciences facility in Suffern, located just across the New York-New Jersey border. The seller, pharmaceutical company Avon, will be vacating the building in the near future. Larry Carroll, Shawn Straka, David Bernhaut, Frank DiTommaso and Seth Zuidema of Cushman & Wakefield, along with Michael Katz of Actio Corporate Advisors, represented Avon in the transaction. Dan Loughlin and Matt Loughlin of JLL represented Regeneron.
WALTHAM, MASS. — BPGbio has signed a 70,000-square-foot office and life sciences lease in the western Boston suburb of Waltham. The AI-powered biopharmaceutical company plans to relocate from nearby Framingham to two full floors of the 143,533-square-foot facility at 300 Third Ave. next summer. Tim Latham, Christopher Scott and Chris Devaux internally represented the landlord, Dallas-based Lincoln Property Co., in the lease negotiations. Paul Delaney, Adam Subber and Nate Heilbron of Cresa represented BPGbio.
SOMERVILLE, MASS. — Sublime Systems, which manufactures low-carbon alternatives to traditional cement, has signed a 23,000-square-foot office and life sciences lease expansion in the Boston-area city of Somerville. Sublime Systems originally occupied 6,500 square feet at the 7.4-acre Somernova campus and expects to employ about 400 people following the completion of the expansion. Rafi Properties owns Somernova.
GERMANTOWN, MD. — Bethesda, Md.-based Rock Creek Property Group has delivered two life science facilities at 20430 and 20440 Century Blvd. in Germantown, a suburb of Washington, D.C. Situated off I-270 in Rock Creek’s Precision Labs campus, the former office buildings span 32,000 and 52,000 square feet, respectively. Architectural firm Ware Malcomb designed the office-to-life sciences conversion project, which involved upgrading the buildings’ electrical, mechanical and wastewater infrastructure. The single-story facility at 20430 Century Blvd. features move-in ready space suitable for a single headquarters and includes offices and flexible space for laboratory, research-and-development and cGMP (current Good Manufacturing Practice) manufacturing. The two-story facility at 20440 Century Blvd. features six wet laboratory suites.