Life Sciences

BioMed Realty Tops Out 497,000 SF Life Sciences, Office Project in Somerville, Massachusetts

by Taylor Williams March 28, 2023

SOMERVILLE, MASS. — BioMed Realty, a San Diego-based subsidiary of Blackstone, has topped out Phase I of Assembly Innovation Park, a project in the Boston suburb of Somerville that will add 497,000 square feet of life sciences and office space to the local supply. The development will ultimately consist of three buildings and include retail space and open green space. Perkins & Will designed Assembly Innovation Park, and John Moriarty & Associates is serving as the general contractor. Vertical construction on the $514 million first phase began in August of last year, and full completion is scheduled for next year.

March 28, 2023

Illinois Leasing Activity Life Sciences Midwest

Chan Zuckerberg Biohub Chicago Signs 25,698 SF Lease at Fulton Labs

by Kristin Harlow March 27, 2023

CHICAGO — Chan Zuckerberg Biohub Chicago (CZ Biohub Chicago), a new biomedical research institute that brings together scientists from Northwestern University, the University of Chicago and the University of Illinois Urbana-Champaign, has signed a 25,698-square-foot lease at Fulton Labs. Trammell Crow Co. (TCC) owns the two-building, 725,000-square-foot campus, which is situated in Chicago’s Fulton Market district. CZ Biohub Chicago researchers will engineer technologies to make precise, molecular-level measurements of biological processes within human tissues, with an ultimate goal of understanding and treating the inflammatory states that underlie many diseases. Dan Lyne of CBRE represented TCC in the lease. Other tenants at Fulton Labs include Dimension Inx, Celadyne Technologies, Portal Innovations, Charles River Laboratories, Xeris Pharmaceuticals, Vanqua Bio and Talis Biomedical. Facebook’s Mark Zuckerberg and his wife, Priscilla Chan, are the co-founders and co-CEOs of the Chan Zuckerberg Initiative.

March 27, 2023

Acquisitions Life Sciences North Carolina Southeast

Oxford Acquires 95,000 SF Life Sciences Facility in Durham

by John Nelson March 24, 2023

DURHAM, N.C. — Oxford Properties Group has finalized its acquisition of 78 TW Alexander in Durham, a biomanufacturing facility in Durham comprising 95,000 square feet with expansion capabilities up to 190,500 square feet. Oxford first entered into a forward-purchase agreement with the developer, Davidson Craven, in the fourth quarter of 2021. CBRE|Raleigh arranged the transaction. Construction of the facility, which features 36-foot clear heights, seven loading docks and robust power and water systems, was fully completed in February of this year.

March 24, 2023

Development Life Sciences New Jersey Northeast

Meyer, IPS Top Out 400,000 SF Life Sciences Project in Hopewell, New Jersey

by Taylor Williams March 24, 2023

HOPEWELL, N.J. — A development team that includes Philadelphia-based architecture firm Meyer and IPS Integrated Project Services has topped out a 400,000-square-foot life sciences project in Hopewell, a suburb of Trenton. The manufacturing and research facility is a build-to-suit for BeiGene, a global biotech firm that develops cancer medicines. The site spans 42 acres within the Princeton West Innovation Campus. Full completion is slated for 2024.

March 24, 2023

Development Life Sciences Massachusetts Mixed-Use Northeast Top Stories

Berkeley Investments Moves Forward with 176 Lincoln Mixed-Use Project in Boston

by Kristin Harlow March 22, 2023

BOSTON — Berkeley Investments has received approval from the Boston Planning & Development Agency to move forward with development of its 176 Lincoln mixed-use project in Boston’s Allston neighborhood. Plans call for Class A lab and R&D space, offices and apartment units. Designed by CBT, 176 Lincoln will be built on a five-acre site with two acres of landscaped open space. The two main commercial buildings will include 720,000 square feet of lab, R&D and office space. The project will also include onsite housing, including 252 apartment units with 10 live-work units for artists. The project will be situated within immediate proximity to Harvard’s recently completed Paulson School of Engineering and Applied Sciences, the Harvard Business School and the recent expansion of Harvard academic and cultural facilities such as the Harvard Innovation Labs. The expanding Harvard presence in Allston is establishing a new cluster for innovation and research in greater Boston, according to Berkeley. “With its location adjacent to Harvard’s growing Allston campus and its introduction of state-of-the-art, Class A lab space, 176 Lincoln will be an important addition to the rapidly growing life sciences, medical, academic research and corporate corridor stretching through Boston and into Cambridge,” says Young Park, …

March 22, 2023

Development Life Sciences Massachusetts Northeast

Leggat McCall, DLJ Properties Top Out 370,000 SF Life Sciences Project in Somerville, Massachusetts

by Taylor Williams March 17, 2023

SOMERVILLE, MASS. — A partnership between Leggat McCall Properties and DLJ Real Estate Capital Partners has topped out 808 Windsor, a 370,000-square-foot life sciences project located roughly four miles outside of Boston in Somerville. The site is situated adjacent to the newly developed Union Square MBTA Green Line Station within the 1.8 million-square-foot Boynton Yards mixed-use development. The 11-story facility will include 7,000 square feet of retail and 242 below-grade parking spaces. Shawmut Design & Construction is the general contractor for the project, which is slated for an early 2024 completion.

March 17, 2023

Leasing Activity Life Sciences New York Northeast

Elevate Research Properties to Open 200,000 SF Life Sciences Facility in Manhattan

by Taylor Williams March 17, 2023

NEW YORK CITY — Elevate Research Properties, the life sciences subsidiary of locally based investment and development firm Taconic Partners, will open a 200,000-square-foot facility at 309 E. 94th St. on Manhattan’s Upper West Side. The facility will be named Iron Horse Labs after Yankees legend Lou Gehrig. Taconic Partners is developing the property, which will house both lab and research and development space, as well as multiple loading bays and outdoor terraces, in partnership with Nuveen Real Estate and Flatiron Equities. Iron Horse Labs is expected to open in mid- to late-2025.

March 17, 2023

California Development Life Sciences Office Western

CBRE Negotiates $17.7M Sale of Thousand Oaks Office Property for Life Sciences Conversion

by Jeff Shaw March 17, 2023

THOUSAND OAKS, CALIF. — CBRE has arranged the sale of a 98,776-square-foot office building in Thousand Oaks for $17.7 million. The firm also arranged $42 million in financing for the acquisition and speculative conversion to a life sciences campus. Located at 120 Via Merida and built in 1998, the two-story office building sits on 6.7 acres and was previously the corporate headquarters for Wellpoint Health Networks. The property’s existing infrastructure is well suited to be redeveloped for life sciences use, according to CBRE. It features 50,000-square-foot floor plates, steel frame construction, outdoor balconies, grade-high dock door and ample power supply. Gray Matter, the life sciences initiative of Graymark Capital, has engaged architect BAM Creative to develop a phased conversion plan. Upon completion, the property will feature 60 percent lab-ready space with upgraded mechanical, electrical and plumbing, and 40 percent newly built creative office space to support the lab. The property will also undergo exterior and site improvements to the power system, loading area, indoor/outdoor amenity areas, cosmetics, roof and parking lot. CBRE’s Mike Longo, Sean Sullivan and Todd Tydlaska represented the seller, a Los Angeles-based private equity firm, in the sale. CBRE’s Greg Grant arranged financing on behalf of the …

March 17, 2023

Leasing Activity Life Sciences Massachusetts Northeast

SmartLabs to Open 140,000 SF Flexible Space at CambridgeSide in Metro Boston

by Taylor Williams March 13, 2023

CAMBRIDGE, MASS. — SmartLabs, which designs, builds and operates multifunctional labs, will open a 140,000-square-foot flexible lab and office space at CambridgeSide, a mixed-use mall redevelopment located across the Charles River from Boston. The spaces will be located on the third floor and will be customizable to accommodate life sciences companies from fewer than 10 to more than 100 employees. The facility, which will be the fourth in the Boston area for SmartLabs, is slated to open in late 2024. A partnership between New England Development and a client advised by UBS Asset Management owns CambridgeSide.

March 13, 2023

Acquisitions Connecticut Life Sciences Northeast

Colliers Brokers Sale of 28,126 SF Life Sciences Building in Branford, Connecticut

by Taylor Williams March 9, 2023

BRANFORD, CONN. — Colliers has brokered the sale of a 28,126-square-foot life sciences building located at 15 Commercial St. in the southern coastal Connecticut city of Branford. The sales price was $5 million. The building was built on 4.4 acres in 1979 and was fully leased to biotechnology firm Ancera Inc. at the time of sale. John Cafasso and Ian Hunt of Colliers represented the undisclosed seller in the transaction. The buyer was also not disclosed.

March 9, 2023

Newer Posts

Older Posts