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Life Sciences

IllinoisLeasing ActivityLife SciencesMidwest

TCC Inks Two Expansions, One Headquarters Lease at Fulton Labs in Chicago

by Kristin Harlow

CHICAGO — Trammell Crow Co. (TCC) has inked leases with three tenants at 400 North Aberdeen within its Fulton Labs campus in Chicago’s Fulton Market neighborhood. The leases total approximately 40,000 square feet and include extensions and expansions from Portal Innovations and Chan Zuckerberg Biohub Chicago and a headquarters relocation for P33 Chicago. All three tenants are expected to occupy their new spaces by this summer. Portal Innovations is a venture development platform that invests financial, physical and human capital to fuel life sciences breakthroughs. The company has extended its existing lease of 40,000 square feet and grown its footprint to 53,000 square feet, expanding to the 10th floor. Portal’s expansion at its flagship location will help accommodate its growing portfolio, which now includes more than 50 companies. Portal also operates labs in Atlanta, Boston and Houston, and is opening a new lab in partnership with the University of Chicago in Hyde Park Labs. CZ Biohub Chicago is a biomedical research institute led by Shana Kelley, Ph.D and launched by Priscilla Chan and Mark Zuckerberg’s Chan Zuckerberg Initiative. Opened in 2024, the organization has extended its existing lease of 28,000 square feet and expanded to 41,000 square feet. The expansion …

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AcquisitionsLife SciencesMassachusettsNortheastOffice

Shorenstein, Tritower Buy 480,000 SF Office, Life Sciences Campus in Bedford, Massachusetts

by Taylor Williams

BEDFORD, MASS. — A joint venture between San Francisco-based Shorenstein Investment Advisors and Boston-based investment firm Tritower has purchased The Xchange, a 480,000-square-foot office and life sciences campus in Bedford, located northwest of Boston. The site of the eight-building development is located along State Route 3 and adjacent to the interchange with State Route 128 and can support future expansion. At the time of sale, The Xchange was 99 percent leased to tenants in industries such as robotics, battery development, diagnostic instruments and advanced materials technology. The seller and sales price were not disclosed.

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ArizonaDevelopmentIndustrialLife SciencesTop StoriesWestern

Semiconductor Manufacturer TSMC to Invest $100B in US, Including Development of Six New Facilities

by John Nelson

HSINCHU, TAIWAN —TSMC (NYSE: TSM), a Taiwanese manufacturer of semiconductors, has announced plans to invest at least $100 billion in the United States, which would bring the company’s total investment in its U.S. manufacturing base to $165 billion. As part of the new round of investment, TSMC plans to develop three more fabs (i.e. manufacturing plants), two advanced packaging facilities and a major research-and-development (R&D) center in Arizona. Once fully realized, the project will be solidified as the “largest single foreign direct investment in U.S. history,” according to TSMC. The construction timeline was not disclosed, but U.S. President Donald Trump and TSMC CEO C.C. Wei announced the investment at a press conference on Monday, with Trump saying the investment will be made “over the next short period of time.” TSMC’s expanded investment is expected to support 40,000 construction jobs over the next four years and create tens of thousands of high-tech jobs in advanced chip manufacturing and R&D, which Trump said would range between 20,000 and 25,000 jobs. Yahoo! Finance reported that Intel is currently the only computer chip manufacturer with a dedicated R&D center in the United States. TSMC is currently building out its 1,100-acre campus in north Phoenix, …

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GeorgiaLeasing ActivityLife SciencesOfficeSoutheast

Duracell Selects Science Square in Midtown Atlanta for New R&D Headquarters

by John Nelson

ATLANTA — Battery manufacturer Duracell has selected Science Square in Midtown Atlanta for its new global headquarters for research-and-development (R&D). Trammell Crow Co. and Georgia Institute of Technology (Georgia Tech) jointly own the 18-acre Science Square development, which sits adjacent to Georgia Tech’s campus. Duracell plans to invest approximately $56 million into its new space at 101 Nerem St. NW and create 110 jobs. Civic and utility partners that helped Duracell in its site selection include the Georgia Department of Economic Development’s Global Commerce team, Invest Atlanta, Select Fulton, Metro Atlanta Chamber, Georgia Power and the University System of Georgia. Duracell has had a footprint in Georgia for years. The company currently has a manufacturing facility in LaGrange that has been in operation since 1980 and a logistics and distribution plant in Fairburn that began operations in 2020.

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CaliforniaDevelopmentLeasing ActivityLife SciencesMixed-UseOfficeTop StoriesWestern

Chan Zuckerberg Initiative Signs 225,000 SF Lease to Anchor Elco Yards Development in Silicon Valley

by John Nelson

REDWOOD CITY, CALIF. — The Chan Zuckerberg Initiative (CZI), one of the largest philanthropies supporting biomedical research and AI-driven science, has signed a 225,000-square-foot life sciences lease in Silicon Valley. The company will fully occupy one of four buildings at IQHQ Inc.’s Elco Yards mixed-use development underway in Redwood City, roughly 25 miles south of San Francisco. Situated along the Caltrain corridor on the San Francisco Peninsula, Elco Yards is a 670,000-square-foot mixed-use development that comprises four buildings offering lab, office and retail space. The project, which began construction in 2021, will deliver additional phases between mid-2025 and 2026. CZI is expected to officially occupy its newly leased space in 2027. The deal brings Elco Yards to 30 percent preleased, according to IQHQ. Founded by Dr. Priscilla Chan and Facebook founder Mark Zuckerberg in 2015, CZI’s purpose is to eradicate disease, improve education and address the needs of local communities, while building a more “inclusive, just and healthy future for everyone,” according to the company’s mission statement. “We are excited to continue to grow our roots in Redwood City with this new space for our biomedical research efforts,” says Marc Malandro, chief operating officer of CZI and the CZ Biohub …

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SPARC-Kips-Bay-Manhattan
DevelopmentLife SciencesNew YorkNortheastTop Stories

New York City Council Approves Two Life Sciences Projects in Manhattan Totaling 2.5 MSF

by Taylor Williams

NEW YORK CITY — The New York City Council has approved two life sciences projects representing hundreds of millions of dollars in capital investment and thousands of new jobs, according to a press release issued by New York City Mayor Eric Adams and the New York City Economic Development Corp. The first project is known as Science Park and Research Campus (SPARC) Kips Bay and will be located on the current site of Hunter College’s Brookdale Campus on the east side of Manhattan. SPARC Kips Bay will encompass an entire city block and will feature more than 2 million square feet of academic, public health and life sciences space. SPARC Kips Bay is expected to generate more than $42 billion in economic impact over the next 30 years and to account for the creation of more than 15,000 total jobs (12,000 unionized construction jobs and 3,100 permanent jobs). Construction is expected to begin before the end of year in the form of decommissioning and demolishing of existing structures on the future site of the campus. International developer Skanska has been named construction manager of SPARC Kips Bay. The development team will also make public infrastructure improvements, including the creation of …

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Leasing ActivityLife SciencesNew JerseyNortheast

IAVI Opens 29,782 SF Life Sciences Facility in Jersey City

by Taylor Williams

JERSEY CITY, N.J. — IAVI has opened a 29,782-square-foot life sciences facility in Jersey City. The nonprofit scientific research organization relocated its vaccine design and development operations from the Brooklyn Army Terminal to the 350,000-square-foot building at 95 Greene St., which was originally built as a manufacturing facility for Colgate Palmolive. CBRE represented IAVI in its site selection and lease negotiations.

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IllinoisLeasing ActivityLife SciencesMidwest

Cyclopure Leases 17,527 SF for Headquarters at Evanston Labs in Illinois

by Kristin Harlow

EVANSTON, ILL. — Cyclopure Inc. has leased 17,527 square feet of lab-ready space on the third floor of Evanston Labs in Evanston. Trammell Crow Co. (TCC) owns the property. Cyclopure will operate its headquarters and water treatment business out of the building as it expands DEXSORB commercial operations to deliver PFAS-free water to customers worldwide. Cyclopure is a materials science and environmental engineering firm founded in Chicago in 2016. Located at 710 Clark St., Evanston Labs rises 10 stories and totals 178,000 square feet. Now that all lab-ready graduation suites have been leased, TCC plans to develop more at Evanston Labs. With Cyclopure’s new lease, the development is approximately 40 percent leased. Jonathan Metzl and Jack Deroche of Cushman & Wakefield represented Cyclopure, while Dan Lyne and Brandon Green of CBRE represented TCC.

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DevelopmentIllinoisLife SciencesMidwest

Skender Completes ULRI Materials Discovery Research Institute in Skokie, Illinois

by Kristin Harlow

SKOKIE, ILL. — Skender has completed construction on the interior build-out of the 19,366-square-foot Materials Discovery Research Institute (MDRI) lab for UL Research Institutes (ULRI), a global safety science leader. The lab is located within the Illinois Science + Technology Park at 8045 Lamon Ave. in Skokie. Designed as an incubator for scientific innovation where students and early-career researchers can work alongside seasoned experts, the MDRI lab harnesses advanced computing and experimental methods to create innovative materials for renewable energy and environmental sustainability. The build-out included joining multiple lab sections within a secure envelope, retrofitting existing labs and adding specialized laboratories. The space features a gas adsorption lab with significant lab gas infrastructure, an automation lab and a battery characterization lab. The project team included architect Harley Ellis Devereaux, Affiliated Engineers Inc. and Project Management Advisors Inc. Construction lasted 30 weeks. Skender is now underway on the project’s next phase, the design-build of a scanning electronic microscope capable of viewing down to 1 nanometer.

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BeiGene-Hopewell
DevelopmentLife SciencesNew JerseyNortheast

BeiGene Opens 400,000 SF Life Sciences Facility in Hopewell, New Jersey

by Taylor Williams

HOPEWELL, N.J. — BeiGene, a global biotech firm that develops cancer medicines, has opened a 400,000-square-foot life sciences facility in Hopewell, a suburb of Trenton. The manufacturing and research facility is situated on a 42-acre site within the Princeton West Innovation Campus that was previously home to pharmaceutical giant Bristol Myers Squibb. Lincoln Equities Group owns Princeton West Innovation Campus. Philadelphia-based architecture firm Meyer designed the project, and other partners included Integrated Project Services, Mainstay Engineering Group, Van Note-Harvey Associates and DPR Construction. The project was announced in late 2021, and construction topped out in spring 2023.

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