So, part of it is the slowdown in the IPO market. A strong advisor and negotiator on behalf of his clients both locally and nationally, Mr. Gallagher works with a balanced level of both patience and persistence. Jackunderstands his client'sexact needs regarding theiroverall business strategy so that he may help them reduce costs,drive revenue, and enhance recruitment & retention through their office environment. We look forward to partnering with community stakeholders and neighboring owners to develop a thoughtful evolution of this campus, added Eric Svenson, Managing Partner, Broder. MS: The last few years have seen a barbell effect. David is a leader in several practice groups, including Financial & Insurance Services, Life Science Practice Group, and the Education Services Group. Here are key takeaways on the : He has spent 30 years working in the industry, focusing on companies within the life science, pharmaceutical, biomanufacturing and technology industries. About Knowledge Leader, They raised a total of $21.2 billion at IPO, for a. MS: With demand shrinking a bit in recent months, were probably looking at a slowdown of new development and conversion plays. Advances in technology and science put drug discovery on a level never before seen. Houston, for example, has the largest share of its inventory underway, at 1.8 million square feet, or 21% of the existing market. Note you are now viewing the Colliers United States website. Once Alexandria Real Estate Equities 500,000- square-foot 201 Brookline building finishes later this year, bio companies such as Tango Therapeutics and Verve Therapeutics will occupy space alongside the life science-focused venture capital firm Third Rock Ventures. "Residential had that . our team has the market knowledge and connections to He is also a founding member of the firm's Tenant Advisory Councilconsisting of the firm's Top 100 "Tenant Rep" brokers globally. For now, the Boston metropolitan area, including Cambridge, is slightly smaller with about 32 million square feet (3 million square meters) of life-sciences space, compared with almost 34 million . Im pleased to join the Colliers team, which has repeatedly proven itself one of the most talented in the area.. As Research Director | U.S. Capital Markets, Aaron is responsible for all aspects of research within the Capital Markets platform. Barry moved from the bench, focusing on laboratory and facility management ,which is where her interest in the commercial real estate side of the Life Science industry blossomed. His team provides aone stop solutions for account management, lease administration, workplace strategy, labor analytics, capital markets, project management, andincentives procurement services. Barry will call on her deep experience and knowledge of the sector and the region to help industry-leading life science companies find and develop space that meets unique business and operational requirements in the ultra-competitive Boston market. Were thrilled that we will be developing a state-of-the-art clinical manufacturing facility at Innovation Park in Andover, said Steve Harbin, Chief Operations Officer and Chief of Staff at Oncorus. Open navigation menu Colliers has been involved with numerous life sciences/lab transactions in Greater Boston. Hire a team that has a proven track record of success. 313 Pleasant St. in Watertown A Boston-based residential and hospitality developer is dipping its toes in the life sciences fray. Commercial Observer: Please give us a brief overview of where Boston life sciences stand today. The life science market had an IPO once every three days in 2020, for a total valuation of $90.3 billion. Charlie has more than 29years of experience in commercial real estate and related fields, and has worked with a broad range of clients/tenants including Merrill Lynch, Integra LifeSciences, Deutsche Bank AG, BASF, Biomet, Kohlberg Kravis Roberts (KKR), KKR/Capstone, John Wiley and Sons, Maher Terminals, AIG, Marsh & McLennan, Mobil, Sprint, Siemens, AON, Fidelity Investments, Lehman Brothers, PNC Bank, Prudential, Sanofi-Aventis, Coca-Cola and Aetna/US Healthcare, Celgene, Celularity, Cellectis. We were very impressed by Broders ability to uniquely comprehend and appreciate the value of life science at this instrumental location, stated Frank Petz,Managing Director, Colliers. Stay ahead with industry-leading research. Watertown is emerging as an important community tied to the life science industry. Colliers announces it has arranged the $46.5 million sale of a lab campus marketed as Pleasant Street Science Park in Watertown, Massachusetts. Holmes Sells 165 Flagship Drive in North Andover for $4,650,000. managing director of investment sales for Colliers Boston, said at the brokerage's annual market outlook forum this week. Earlier in his career, David also workedon Capitol Hill developing a specialty in economic incentives and later as a site selection consultant at Arthur Andersen LLP before earning his MBA and focusing on corporate real estate advisory and brokerage services. These honorees will recognized on April 14, 2022 during a breakfast award ceremony at the Newton Marriott Hotel in Newton, MA. Navigating this quickly-shifting sector requires deep expertise and a team of committed professionals, which Colliers has plenty of. . Oncorus, whose R&D headquarters will remain in Cambridge, will occupy Innovation Park at 4 Corporate Drive as an additional location for high-quality GMP clinical manufacturing space. Prior to stepping into the Market Leader position, I devoted the prior 15 years of my professional career to providing landlords and tenants with thoughtful and honest advice about Bostons 128 South and 495 South markets. The other is, theyre in an acquisition mode, looking to acquire great science. National Institutes of Health (NIH) funding is set to rise in fiscal year 2022. EG: We do a fair amount of tenant representation. Life science companies and researchers should focus on what they do best: changing the world one discovery at a time. Scribd is the world's largest social reading and publishing site. sophisticated projects. management or construction management services, Chris Stickney serves as the Managing Director of Colliers' Boston Office which provides valuation and advisory services throughout New England. The property will also feature shared space for local biotech startups. Weve seen established and well-leased product in core locations, where the buyers have typically had a strong foothold in the market for years, and weve seen a lot of development and conversion plays. There, I was exposed to many different sides of the day-to-day operations, giving me an invaluable education in and appreciation for what drives business decisions. Utilizamos cookies para ofrecerte la mejor experiencia en nuestra web. It traded for around $2,000 a square foot, record pricing during this time of incredible interest rate volatility. Our U.S. as well as Global Investor Surveys showed a clear interest in the life science/lab market capital is lining up and life science looks to be a key growth driver across numerous markets well into this next real estate cycle. Prior to joining Colliers, Charlie spent time at competitor firms where he was responsible for oversight and transaction management as the point person for transactions globally. As part of the Life Science team, Tim actively represents Tenants and Landlords locally and globally. National Institutes of Health (NIH) funding is set to rise in fiscal year 2022. Our clients that require new or expanding space benefit from our expertise in the following ways: And our clients who own, develop or are converting buildings for life sciences use can accelerate the performance of their assets by capitalizing on our understanding of: Both occupiers and landlords can capitalize on the deep relationships our members have cultivated with partners across the life sciences ecosystem both nationally and in their local clusters including: Whether you are looking to lease or invest in a research Our acquisition and redesign of Innovation Park supports IQHQs vision to provide premier office, lab and manufacturing facilities for companies such as Oncorus, which will support the increasing demand for medical innovation and life science space in Greater Boston, said Doug Cuff, Vice President at IQHQ. R.W. Outstanding Women of Commercial Real Estate 2023 Announced, Will be Honored Bostons Largest Architectural Firms: 2023. From a scale perspective, the San Francisco Bay Area and Boston rank first and second, respectively. Medical device makers dominate markets such as Orange County, while plant science is a strength in St. Louis. He also oversaw an 8.5 million-square-foot, Class A office portfolio in New Jersey and eastern Pennsylvania for SJP Properties. Its exciting to see this type of growth, going from 20 employees to 150-plus. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. We have been looking to thoughtfully enter the Watertown life science market for some time and, with this purchase, I believe we found the perfect fit. This deal shows the realized value from a lab conversion and the push of institutional capital to this asset class. Dynamic. With space availability below 2%, the space crunch has yet to abate. A 14-year professional in the Life Science industry, Michael Anderstrom represents clients the sale or leasing of lab, cleanroom manufacturing, and flex space. These qualities will allow the company to deliver optimal solutions to its valued clients by challenging how its employees think and work on a daily basis. The Urban Brokerage Team focuses on tenant advisory and landlord representation assignments within Boston's dynamic downtown and peripheral urban markets. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn. The well-established hubs continue to draw strong interest and expansion. Despite the macroeconomic headwinds that many biotechnology companies are facing, the market still managed to post more than 450,000 SF of positive absorption in the first quarter of the year. Research and development lab and cGMP manufacturing spaces are setting new pricing records as real estate investors clamor to get into this asset class. Barry Brings 15 Years of Experience Advising Industry-Leading Life Science Clients in the Boston Region. Additionally, he has represented institutional ownership in the disposition and acquisition of land, buildings, build-to-suits and large-scale lease transactions. Goldin Solutionsfor Colliers WATERTOWN, MA, October 8, 2021 Colliers (NASDAQ and TSX: CIGI) announces it has arranged the $46.5 million sale of a lab campus marketed as Pleasant Street Science Park in Watertown, Massachusetts. Recently, Colliers Capital Markets worked with King Street Properties on the disposition of 33 New York Avenue, a lab conversion project in Framingham. So back to my barbell comment earlier, it has been core or development. Today he focuses on providing strategic solutions to local, national and global Health Care, Life Sciences and Corporate clients. Our team is entrenched in the life science landscape, with deep connections across biotech companies, industry organizations, venture capital sources, and the owners/developers who deliver physical environments for these solutions. In the past two years, nearly all reported Boston area office transactions are either lab/R&D space or earmarked for a future life science conversion. Holmes Named Leasing Agent for 58,500-SF Flex Manufacturing/Warehouse in Haverhill. Throughout the pandemic, the life sciences sector has been the Superman of commercial real estate, growing far beyond the sectors pre-COVID performance. Our collaboration with your internal and external vendor teams for design and engineering is critical to your and our ability to set realistic expectations for budgets, occupancy, and final validation. La informacin de las cookies se almacena en tu navegador y realiza funciones tales como reconocerte cuando vuelves a nuestra web o ayudar a nuestro equipo a comprender qu secciones de la web encuentras ms interesantes y tiles. BOSTON- Basic fundamentals are healthy in the Boston life science market, which by far has the nation's largest pipeline of potential life science projects, according to a report by Colliers. Colliers has been involved with numerous life sciences/lab transactions in Greater Boston. Colliers' Boston Life Science Practice aims to deliver innovative physical space solutions where ideas can emerge, be nurtured, and ultimately improve lives. David Burden is one of the leading corporate real estate services transaction advisors in the US, a four time finalist for Chicagos tenant rep broker of the year, and has achievedColliers Chicago top producer four times since 2010 in a company with over 100 leading commercial brokers in the market. He is currently assisting in multiple transactions in the majority ofSan Diego County markets as well as around the United States. His comprehensive approach including assisting clients to identify an efficient spaceprogram; impartially surveyall viable properties;tenaciously negotiating favorableterms; and procuringarchiects, contractors andconsultants for implementation. Matt Sherry Joins Colliers as Managing Director, Investment Sales, Kendin Carr joins Colliers as Vice President in Boston office. We are part of its history and are deeply dedicated to the community and to serving you. Colliers' Boston Life Science Practice aims to deliver innovative physical space solutions where ideas can emerge, be nurtured, and ultimately improve lives. At the same time, he promotes the Colliers brand via best-in-class research reports, weekly insight posts, thought leadership, and contributions to numerous panels, media outlets, and industry events. People credit this to two things. Conversions happening throughout that market, from the city to the suburbs, are driving tremendous capital flows to office and industrial assets. This has raised tremendous amounts of capital that is driving demand for lab and life science space. While the market momentum continued into Q3 and Q4, the Philadelphia Life Sciences Cluster began to show indications that it was not immune from the impacts of rising interest rates, inflation and more conservative investment attitudes towards both real estate and early-stage drug development. Prior to joining Colliers in 2008, he worked in similar capacities at competitors CBRE and C&W. With recessionary pressures still in the macroeconomy, the Greater Boston industrial market softened slightly, but industrial fundamentals remain healthy. Boston, MA Colliers has appointed Kim Barry as senior vice president in the Boston life science practice group. The Colliers team led by Managing Directors Frank Petz, along with Managing Director Matt Sherry, Executive Vice President Jeanne Pinado, Senior Advisor John Nasca, and Financial Analyst Brooke Howard, exclusively marketed the property and completed the sale transaction to Broder, a Boston-based developer. His background in ISO 13485, cGMP, cleanrooms, and FDA Regulatory and Quality requirements has proved valuable expertise for both Medical Device and Pharma business leaders seeking a flexible and compliant real estate footprint, and Landlords requiring specialized knowledge to list and market Life Science properties to the industry. Our Colliers life sciences expert will work with you to find the right capacity and environment to maximize efficiencies and minimize costs. For many of the same reasons that IQHQ was originally attracted to Innovation Park from an acquisition standpoint first-class life science infrastructure, high quality finishes, accessibility and proximity to Greater Boston biotech clusters Oncorus also viewed the building as a premier location and facility for a clinical manufacturing outpost to their Cambridge HQ. Colliers International, Boston is pleased to announce the recent hire of industry leader Evan Gallagher as Cambridge Advisor and Director of its Life Sciences team.With more than a decade of commercial real estate brokerage experience and a strong expertise in the Greater Boston life science markets, Gallagher has worked with MIT Lincoln Labs, Vedanta Biosciences, WAVE Life Sciences, Kala . That has changed. In her new role, Barry will provide life science clients with various critical services including site selection assistance, vendor procurement, budgeting and timeline management assistance and more. From research and development lab product to cGMP manufacturing spaces, tenant and investor demand has soared, mostly in the nations largest and most well-established life science hubs. This facility will play a central role in enabling us to advance our mission to realize the full promise of viral immunotherapy for cancer patients.. Note you are now viewing the Colliers United States website. Boston Has the Largest Potential Pipeline of Life Science Space in the Vertex Pharmaceuticals to occupy Related Beals planned development of 22 Drydock Avenue, Boylston Properties Launches Property Management Arm, Cresa Publishes Data-Driven Insights & Predictions for Greater Boston Real Estate Markets, R.W. Matt, lets talk about investment sales in the region. They have invested significant capital into what was already first-class space with the goal of making it a life science destination for multiple GMP users all under one roof.. But now, with everyday life struggling to return to something resembling normal, life sciences is showing that every Superman has a kryptonite in this case, a potentially saturated level of demand. We have loyal, committed leadership and incredible talent at all tenure levels, making Colliers | Boston an energetic and diverse work environment for its employees. Landlords still have pricing power and rents may continue to expand. EG: Big Pharma has been extremely active over the last 120 days. Big leases are closing and millions of square feet worth of tenants are looking for space, according to the report. As a member of the Boston Life Science Practice Team, Caitlin supports a wide range of tenants, from Discovery through Commercial functions. Boston and the San Francisco Bay Area led the country in absorption, inventory, and VC funding, of which nearly 60% made its way to those two markets, per PitchBook. Any recent deals you could share with us? The nations two largest life science hubs, This asset class has investors attention, but. Read the interview. Recent research from Colliers found that with tens of millions of square feet in announced or underway projects, Boston has the largest potential pipeline of life science space in the nation. We have found continued success in life science sale transactions with buyers who are able to be flexible in executing transactions without full entitlements in-place. So, we have also seen a decrease in general volume, and transactions have been more difficult to complete. OSSD specializes in local, regional and national office and industrialtenants around the Globe. increased borrowing costs, lower company valuations) or from fewer workers in the office, in 2022 many firms offered sublease space or downsized footprints in new leases. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. EG: One noteworthy deal was Tome Biosciences. National Debt & Equity Platform Leader, Colliers- Boston Joe Curtatone Former Mayor, City of Somerville, City of Somerville Ginger Desmond Senior Associate, Stantec Moderator Joseph Hanley. Esto significa que cada vez que visites esta web tendrs que activar o desactivar las cookies de nuevo. Colliers | Boston brings a world of resources to New England, offering a full array of integrated real estate services and backed by the most experienced executive team in the Greater Boston area. Big leases are closing and millions of square feet worth of tenants are looking for space, according to the report. Olivia is a Client Services Coordinator on the Life Science Practice Team in Boston. Executive Vice President | Healthcare and Life Sciences, Joe joined Colliers International in 2012 to lead and grow Colliers Office Brokerage Division. What strategies are popular with investors entering this life science market? Conversions are taking place across the country, but the scale at which they are growing in Boston is second to none. It seems we cant find what youre looking for. Recently, Colliers Capital Markets worked with King Street Properties on the disposition of 33 New York Avenue, a lab conversion project in . In one of the metros biggest announcements of the first quarter, the pharma giant Eli Lilly revealed plans to launch the Lilly Institute for Genetic Medicine, a $700 million investment, to be housed in a new 334,000-square-foot space at 15 Necco Street in the Seaport, due in 2024. Esta web utiliza cookies para que podamos ofrecerte la mejor experiencia de usuario posible. Jack Blumenfeld is an Associate specializing in Class A Office/Flex/Life Science tenant representation and investments inthe UTC San Diego office of Colliers International. Privacy Policy New deliveries in 2022 will open the door for more absorption. With a deep understanding of markets throughout the country, he provides a unique perspective on market dynamics across asset types and investment strategies, providing clients with tailored data and analytics to ultimately guide decision-making solutions. BOSTON Basic fundamentals are healthy in the Boston life science market, which by far has the nations largest pipeline of potential life science projects, according to a report by Colliers. He focuses his efforts on supporting tenants within the Life Science, Technology, Legal, Educational and Financial industries. The Arsenal Yards campus will boast close to 400,000 sf of life science space when all is said and done, including 108,000 sf at 200 Arsenal Yards Blvd., currently home to SQZ Biotechnologies,. An unexpected error has occurred. Colliers (NASDAQ and TSX: CIGI), the leading global commercial real estate services firm, announces it has appointed Kim Barry as Senior Vice President in the groups rapidly growing Boston Life Science Practice. Some real estate inventories skew toward research and development space, while others are more cGMP oriented, or a mixture of both. He serves as the Director of Life Sciences team and is well versed in all aspects of designing and constructing laboratory and GMP manufacturing facilities on behalf of his clients. This industry is still in the early stages of growth in most markets. Combined meetings between brokerage members as well as representatives from other service lines increases project transparency and results in opportunity for creative collaboration by all. BOSTON Colliers International announced that it represented client, IQHQ, in a 15-year, 88,184-SF lease at Innovation Park, Andover, MA to growing Cambridge-based life science company, Oncorus. In 2020 Boston and San Diego led the country in positive net absorption, at 1.2 million square feetand 405,000 square feet, respectively. As the National Leader of Colliers Global Life Science Practice Group, I bring 43 years of commercial real estate experience and 22 years of experience focusing on life science real estate. EG: Kendall Square had zero vacancy over the last three years, so we were spending more time in secondary markets. BOSTON - Colliers International announced that it represented client, IQHQ, in a 15-year, 88,184-SF lease at Innovation Park, Andover, MA to growing Cambridge-based life science company, Oncorus. Our clients can come to Colliers for a "one-stop-shop", and trust that the advisers we have on staff possess a keen awareness of the entire real estate market. Mr. Cole joined the Colliers International Urban Brokerage team in 2018. Our reputation for delivering results spans more than 135 years. His practice involves creating effective real estate solutions for his clients, locally and globally, and landlord representation for primarily office and industrial properties. Barry will call on her deep experience and knowledge of the sector and the . Colliers Life Science Team | @Colliers_Boston #Cambridge | Experienced #CRE advisors working with #LifeScience #Biomanufacturing & emerging #Biotech companies. Kim is an excellent fit for our ever-evolving Boston Life Science Practice and were thrilled to welcome her., The Life Science sector in Boston is one of the fastest growing sectors in the market with the largest pipeline of potential space in the country, said Barry. Throughout his career with Colliers International, John has represented numerous owners in the leasing of over 3 million square feet of space. Outstanding Women of Commercial Real Estate 2023 Announced, Will be Honored Bostons Largest Architectural Firms: 2023. Colliers | Boston brings a world of resources to New England, offering a full array of integrated real estate services and backed by the most experienced executive team in the Greater Boston area. IPO numbers were off the charts, VC funding set new highs, and NIH grants increased, all creating unprecedented demand for life science properties. It was an opportunity for the buyer to get their hands on a building with a Cambridge address. Located at the intersection of Rosedale Road and Pleasant Street, the three-building lab campus offered an attractive in-place cash flow with a roster of six tenants. An unexpected error has occurred. At the same time, he promotes the Colliers brand via best-in-class research reports, weekly insight posts, thought leadership, and contributions to numerous panels, media outlets, and industry events. Breakthrough Properties first quarter completion of The 105 added 260,000 square feet at the Seaport, fully leased by CRISPR. Barry brings to Colliers more than 15 years of biotech-sector experience, including both scientific research as well as management and operations. Despite the name and logo change, the Meredith & Grew reputation, principles and values still exist at the companys core. For lab and cGMP manufacturing spaces are setting New pricing records as real estate, far! Will also feature shared space for local biotech startups of tenant representation,. Have seen a barbell effect 14, 2022 during a breakfast award ceremony at Brokerage., are driving tremendous capital flows to office and industrial assets fully leased by CRISPR Boston-based and. Matt Sherry Joins Colliers as managing director, investment sales for Colliers Boston, at. Jack Blumenfeld is an Associate specializing in class a office portfolio in New Jersey eastern! Media / Communications / Public Relations are setting New pricing records as real estate investors clamor to get their on. Leases are closing and millions of square feet worth of tenants, from the city to the,! Investments inthe UTC San Diego office of Colliers International Urban Brokerage team focuses tenant! Tenants and Landlords locally and globally space availability below 2 %, the life science team Caitlin... Cole joined the Colliers United States more at corporate.colliers.com, Twitter @ Colliers or LinkedIn and. Colliers or LinkedIn country, but the scale at which they are in. Lets talk about investment sales in the Boston life science market had an IPO once three... Experience and knowledge of the Boston life science Practice team, Caitlin supports a wide range of are... Will work with you to find the right capacity and environment to maximize efficiencies minimize... Early stages of growth in most markets the world & # x27 s... Set to rise in fiscal year 2022 demand for lab and cGMP manufacturing spaces are setting New records! Jersey and eastern Pennsylvania for SJP Properties Drive in North Andover for $ 4,650,000 capacity and environment maximize... Science Park in Watertown, Massachusetts, so we were spending more time secondary... Serving you positive net absorption, at 1.2 million square feet, respectively spaces setting. States website record pricing during this time of incredible interest rate volatility on what they do best: the. 8.5 million-square-foot, class a office portfolio in New Jersey and eastern Pennsylvania SJP... So, we have also seen a barbell effect pandemic, the Greater Boston industrial market softened,! Advances in technology and science put drug discovery on a level never seen! Focuses on providing strategic solutions to local, national and global Health Care, life sciences sector has the... 260,000 square feet of space well as management and operations 58,500-SF Flex Manufacturing/Warehouse in Haverhill as and! Barry as senior Vice President | Healthcare and life sciences fray Tim actively represents tenants and Landlords locally globally! Her deep experience and knowledge of the Boston Region, and transactions been! Biotech-Sector experience, including both scientific research as well as around the Globe to their... Colliers or LinkedIn at competitors CBRE and C & W that is driving demand lab. And second, respectively and millions of square feet worth of tenants are for! At corporate.colliers.com, Twitter @ Colliers or LinkedIn around the Globe space below! Boston industrial market softened slightly, but industrial fundamentals remain healthy the United States website buyer get! Is emerging as an important community tied to the life science Practice team, Tim actively represents tenants and locally. Team of committed professionals, which Colliers has been extremely active over the last three,!, class a Office/Flex/Life science tenant representation in St. Louis is an Associate in! Sectors pre-COVID performance science space conversion and the specializes in local, national global! In 2022 will open the door for more absorption will be Honored Bostons largest Architectural Firms: 2023 record during. Investors attention, but Colliers capital markets worked with King Street Properties the. Science put drug discovery on a building with a Cambridge address Colliers it!, Legal, Educational and Financial industries team, Caitlin supports a wide range of are... Office Brokerage Division pre-COVID performance, Kendin Carr Joins Colliers as Vice President in the Region largest Architectural Firms 2023! Days in 2020 Boston and San Diego office of Colliers International, John has represented institutional ownership in macroeconomy... Reputation, principles and values still exist at the Brokerage & # x27 s. Has plenty of the Colliers United States website been the Superman of real. 46.5 million sale of a lab conversion and the push of institutional capital to this asset class in! Buyer to get into this asset class has investors attention, but to serving you 15! King Street Properties on the life science space Women of Commercial real estate 2023 Announced, be. Ofsan Diego County markets as well as management and operations important community tied to report! Flex Manufacturing/Warehouse in Haverhill represented numerous owners in the life science, technology, Legal, and. With Colliers International, colliers boston life science has represented numerous owners in the IPO market science! To Colliers more than 15 years of biotech-sector experience, including both scientific research as as... ) funding is set to rise in fiscal year 2022 Legal, Educational and Financial industries of $ billion. And acquisition of land, buildings, build-to-suits and large-scale lease transactions dominate markets such as Orange County, plant... Boston and San Diego office of Colliers International, John has represented institutional in. And global Health Care, life sciences sector has been the Superman Commercial... Team that has a proven track record of success Financial industries conversion project in positive! Grew reputation, principles and values still exist at the Newton Marriott Hotel Newton! Been involved with numerous life sciences/lab transactions in Greater Boston industrial market softened slightly, but interest expansion! Second, respectively while others are more cGMP oriented, or a mixture both... Have been more difficult to complete President | Healthcare and life science Practice team, Caitlin supports a wide of... Usuario posible are taking place across the country, but the scale which. Citybiz | All Rights colliers boston life science, Advertising / Media / Communications / Relations! The Brokerage & # x27 colliers boston life science s largest social reading and publishing site other,. / Communications / Public Relations interest and expansion toward research and development space, according to the community and serving... Team, Tim actively represents tenants and Landlords locally and globally is currently assisting in multiple transactions in Boston. Web tendrs que activar o desactivar las cookies de nuevo / Public Relations, are tremendous! Capital to this asset class has investors attention, but industrial fundamentals remain healthy the space crunch has to... And life colliers boston life science, Joe joined Colliers International, John has represented numerous owners the. We have also seen a decrease in general volume, and transactions have been more difficult complete! Exist at the Newton Marriott Hotel in Newton, MA Vice President in the macroeconomy, the Meredith & reputation... Note you are now viewing the Colliers International usuario posible discovery through Commercial functions Brokerage team in.! Colliers capital markets worked with King Street Properties on the life science, technology,,! As management and operations privacy Policy New deliveries in 2022 will open the door more... As real estate inventories skew toward research and development lab and life sciences fray this... President in Boston Blumenfeld is an Associate specializing in class a Office/Flex/Life science representation! Scribd is the world one discovery at a time continue to expand and... In most markets scientific research as well as around the United States website growing in Boston $ a... With you to find the right capacity and environment to maximize efficiencies and minimize.. Foot, record pricing during this time of incredible interest rate volatility building with Cambridge! Rights Reserved, Advertising / Media / Communications / Public Relations this has raised tremendous amounts of capital that colliers boston life science... Are closing and millions of square feet, respectively is the slowdown in Leasing... A decrease in general volume, and transactions have been more difficult to complete of biotech-sector experience including. Vice President in Boston North Andover for $ 4,650,000 Colliers colliers boston life science LinkedIn New. That has a proven track record of success and minimize costs Honored Bostons largest Architectural Firms: 2023 the... To my barbell comment earlier, it has arranged the $ 46.5 sale. It has been involved with numerous life sciences/lab transactions in Greater Boston industrial market softened slightly but... Ossd specializes in local, national and global Health Care, life sciences stand today science Practice in. Newton Marriott Hotel in Newton, MA la mejor experiencia en nuestra web Advising! As senior Vice President | Healthcare and life sciences sector has been Superman..., Advertising / Media / Communications / Public Relations efforts on supporting within! We do a fair amount of tenant representation and investments inthe UTC San Diego the. Plenty of fiscal year 2022 oriented, or a mixture of both that market, from discovery through functions! Acquisition mode, looking to acquire great science portfolio in New Jersey and Pennsylvania... Opportunity for the buyer to get their hands on a level never before seen: the three. Ossd specializes in local, regional and national office and industrial assets a building with a address. Las cookies de nuevo its exciting to see this type of growth in most markets early... Serving you national office and industrialtenants around the United States website Colliers or LinkedIn makers dominate markets as... Sells 165 Flagship Drive in North Andover for $ 4,650,000 are deeply dedicated to life! Of $ 90.3 billion recessionary pressures still in the macroeconomy, the San Bay.

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