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Life Sciences

Our latest updates about the major life sciences players, and the facility developers providing state-of-the art labs and office space.
Interest in life sciences facilities in 2020 is propelled by Covid-19 repercussions.

Our life sciences facilities directory, including those existing, in development, and planned, includes both real estate owners and anchor users.  The interest in these facilities has been heightened by the Covid-19 pandemic.  The major players in life sciences are likely to part of the discovery process for best therapeutics and vaccines for this particular coronavirus.   Biotechnology, drug discovery, pharmaceuticals, health data management, medical devices, and biomedical technologies, will each play a role in managing through the Covid-19 era.


Life Sciences” refers to the booming industry made up of biotechnology, pharmaceuticals, biomedical devices, genetics and genomics and research and development (R&D).   Life sciences facilities are typically clustered in areas with strong university research and teaching programs in the life sciences, and situated in proximity to other facilities and their tenants.


Among facility providers in 2020, there is a large interest in converting existing office to life sciences use.  A great many general-purpose office and industrial properties are quite different from purpose-built life sciences venues, so the conversion process is typically difficult.   Sometimes the conversion issues being with something as simple as too-low ceiling heights.  Also, life sciences facilities are simply more costly to build out, with base-building work and tenant improvements at a 50%+ premium over general-purpose office buildings.



life sciences facilities directory

Life sciences facilities are among the top-valued asset classes in 2020, among real estate owners and developers.



Site selection is an important consideration, because life sciences real estate is not simply repurposed space in any office, medical office, or industrial building located in any central business district or suburban office park. Oftentimes, desk space is accompanied by a need for wet and/or dry laboratories, temperature-controlled storage facilities, wet benching, incubation chambers, vivarium or other specialty testing facilities, and safe disposal of hazardous materials. Once an appropriate property is identified, workplace design can ensure adequate collaboration space and a workflow to maximize efficiencies, while flexible real estate financing solutions can help an occupier adjust for future growth.


Life sciences facilities and business clusters are a variation of the well-established network of Science and Technology Parks in the U.S. and elsewhere.   The definition of such business parks offered by the International Association of Science Parks (IASP), is helpful: … a science park is an organization managed by specialized professionals, whose main aim is to increase the wealth of its community by promoting the culture of innovation and the competitiveness of its associated businesses and knowledge-based institutions.”


Our life sciences facilities directory provided below, is in continuing editing and expansion.   We’ll enjoy getting suggestions for facilities to include!

Life Sciences Facilities Directory – the Latest

Owner / DeveloperProject(s)CountryAbout
Alexandria Real Estate Equities, Inc.Alexandria Center for Life Science
New York
U.S.728,000 SF property containing two Class A office/laboratory buildings. The first commercial life sciences campus in New York City. Alexandria is a Real estate investment trust specializing in life science, technology and agtech properties
BioMed RealtyU.S.
BioScience Properties, Inc.
San Diego, California
Blackstone affiliateBioMed Realty TrustU.S.October 2020 - Blackstone Group sells a portfolio of 93 life-science buildings (11.3 million SF) for $14.6 billion, to a separate fund it controls. Portfolio includes buildings in the UK (Cambridge), San Diego, San Francisco, Boston, Seattle and New York. BioMed is the 2nd largest such owner of life sciences properties in the U.S.
Brandywine Realty TrustPhiladelphia, various propertiesU.S.One of the largest players offering life sciences space in the Philadelphia area, currently has almost 860,00 SF leased to life sciences companies, which may increase by as much as 550,000+ SF through 2021.
Breakthrough PropertiesThe 105
105 West First Street, Boston, Massachusetts
U.S.Scheduled for completion, 2022. CRISPR Therapeutics, signed a 263,500-square-foot lease agreement.
Breakthrough PropertiesVarious locationsU.S.The $1 billion fund seeks to develop and acquire cutting edge lab facilities across leading biotechnology markets around the world. A joint venture investment vehicle of Tishman Speyer and Bellco Capital. Breakthrough Properties was formed in 2019.
CGMPThe Max in Longmont
Boulder, Colorado
U.S.A speculative conversion of an office building to labs.
City of PhoenixPhoenix Biomedical Campus
U.S.A city-owned, 30-acre urban bio-science and medical research campus, housing public and private academic, clinical and research organizations. About 3.5 million SF of space developed to-date.
City of VacavilleCalifornia Biomanufacturing Center
U.S.A 300-acre biomanufacturing cluster, envisioned for development of 3.5 million SF of commercial real estate.
Deerfield Management345 Park Avenue South
New York
U.S.Deerfield has committed $635 million to convert the building to a life sciences campus. The 12-story, 300,000 SF building in Midtown was previously housed by office and retail tenants.
Developer is DLJ Real Estate Capital Partners and Leggat McCall Properties101 South Street at Boynton Yards
Somerville, Massachusetts
U.S.Slated for opening, summer 2021, a 290,000 SF building. The first life-science building at Boynton Yards.
1000 New Horizons Way, Vacaville, California
U.S.The company's Vacaville plant is the largest biotech manufacturing facility in the world. Genentech is the #1 maker of cancer medicines in the world. Genentech has three locations in California – Vacaville, South San Francisco and Oceanside – and one in Hillsboro (Oregon).
Hines and 2ML Real Estate InterestsLevit Green
Houston, Texas
U.S.Mixed-use development near the Texas Medical Center, focused on life sciences research. The 52-acre development will include research facilities, office space, residential units, shopping, dining, outdoor amenities and green space.
IQHQ REITVarious locationsU.S.IQHQ has raised $1.7 billion, which it plans to use for an existing development pipeline of 4.4 million SF of life science projects in Boston, San Francisco and San Diego. Formerly known as Creative Science Properties.
Ivanhoé Cambridge and Landlease60 Guest St. at Boston Landing
Boston, Massachusetts
U.S.Ivanhoé Cambridge, the real estate arm of a Canadian pension fund, and Australian construction giant Lendlease acquired this development site from New Balance’s NB Development Group. A 320,000 SF, nine-story office and lab building are envisioned.
Janus Property Co.Taystee Lab Building
450 W. 126th St., New York
U.S.A 350,000 SF Class A, new construction, purpose-built life science building.
Johnson & JohnsonU.S.Among the largest Biotec companies.
Kendall Square AssociationKendall Square
Cambridge, Massachusetts
U.S.An internationally recognized innovation district, featuring a major focus of life sciences companies. The district's status is due to its immediate proximity to the Massachusetts Institute of Technology (MIT) campus. Originally an industrial area, dating to the 1800's.
King Street Properties101 Cambridgepark
Cambridge Park Drive, Cambridge, Massachusetts
U.S.A $170 million, 160,000 SF Class A laboratory property in development in partnership with Healthpeak Properties. Scheduled for completion in the third quarter of 2022.
Leggat McCall / DLJ Real Estate Capital Partners Boynton Yards
Somerville, Massachusetts
U.S.Boynton Yards is a 1.3 million SF science and innovation campus that will include three Class-A lab/office buildings, 350 apartments, and ample public green space. Boynton Yards is part of Somerville's comprehensive urban plan, “SomerVision 2040”, to revitalize the city with a new economic and real estate development strategy.
Lincoln Property Company91 Hartwell Ave.
Lexington, Massachusetts
U.S.October 2020 - Project approvals secured for mixed-use campus with 95,000 SF of office space with 125,000 SF of Class A laboratory space situated in the growing Route 128 life sciences corridor. 9
Longfellow Real Estate Partners is acting as the developerCenter East at the New York Blood Center (NYBC)
New York, New York
U.S.The new building includes 596,000 SF gross in 16 floors. The New York Blood Center is one of the largest independent blood centers in the U.S. and a non-profit institution which supports life science startups through research.
Merck / Merck & Co.Germany, U.S.Among the largest Biotec companies.
Nova Southeastern UniversityNSU's Center for Collaborative Research
Broward County, Florida
U.S.Includes 84,000 SF wet and dry laboratory space.
Pfizer U.S.Among the largest Biotec companies.
Phase 3 Real Estate Partners
San Diego, California
U.S.Specialist in life sciences properties.
Public-private initiativeSt. Pete Innovation District
Tampa Bay, Florida
U.S.The St. Pete Innovation District is located south of downtown St. Petersburg, Florida within an 0.83 square mile area. The innovation district was established in 2016.
Roche Holding AGSwitzerlandFounded in 1986 in Basel, Switzerland.
Silverstein and TaconicHudson Research Center
New York
Taconic Partners and Nuveen Real Estate125 West End Avenue
New York City
U.S.An 8-story, 400,000 SF building.
Adaptive re-use of American Broadcasting Co.'s Manhattan campus. The building was erected in 1929 as an automotive facility by Chrysler Motor Company.
Texas Medical Center
Phase 1 partners - Beacon Capital Partners / Braidwell
TMC3 U.S.A new 37-acre life sciences campus, cited by TMC as the world's largest such campus.
University City Science Center and Wexford Science + TechnologyUCity Square
Philadelphia, Pennsylvania
U.S.A 6.5 million SF mixed-use community consisting of retail, residential, clinical, office, and laboratory space concentrated around an open-air public square.
Ventas Life Science and Healthcare Real Estate FundGenesis South San FranciscoU.S.October 2020 - Acquires a 800,000 SF life science portfolio in South San Francisco life science cluster for $1 billion and going-in cap rate of 5%, from Bain Capital Real Estate.
Wareham Development
1120 Nye Street, Suite 400, San Rafael, California
Various propertiesU.S.Major life sciences landlord operating in the San Francisco bay area.
Welltower Inc.U.S.Real estate investment trust that invests in healthcare infrastructure. Founded in 1970.

2023 Major Life Sciences Projects & Players

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