We know real estate and we know Boston. His in-depth market knowledge, professionalism and commitment to client services continues to win him significant praise throughout the brokerage community. Thats empowering to them and exciting for the biotech community. Notably, Broder has recently completed two significant projects in Chicago and the Berkshires. 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. Note you are now viewing the Colliers United States website. The next tier is Philadelphia, San Diego, and New Jersey; Raleigh-Durham is its own tier, and other markets fall in line thereafter. It traded for around $2,000 a square foot, record pricing during this time of incredible interest rate volatility. 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. Email: [email protected]. Phone: 646.660.8644 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. 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 . National Institutes of Health (NIH) funding is set to rise in fiscal year 2022. Upon Oncorus joining the tenant roster, approximately 100,000 SF of vacancy will remain available for lease. But other markets are aiming to make their mark as well. But there has definitely been a race to expand to satisfy any demand in the market. 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. Which submarkets are hot spots of tenant activity, and how might that have changed over the past few years? Seaport also continues to be hot. As a result, we place incredible emphasis on our people being knowledgeable about Greater Boston as a whole, since each of its regions and even product types are increasingly interconnected. 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. Weve seen a handful of elephant-type requirements fall in the 300,000-to-600,000-square-foot range. As more product is completed, liquidity should only increase. Jumbo Capital and Apollo Group have obtained $57.7 million in financing from Cambridge Savings Bank to fund a planned conversion of a Boston-area office property into a life sciences-oriented manufacturing facility. Any recent deals you could share with us? Privacy Policy He leadsteam of six professional who specialize in local brokerage and account portfolio management. I am passionate about my mission to to champion a Colliers Boston that is grounded in integrity, teamwork, open communication, diversity and inclusion, and a client first approach. Colliers Inks 88,184-SF Life Science Deal in Andover, Connolly Brothers Receives Silver Award from DBIA New England, SGA Celebrates 30 Years of Design Excellence, New England Ice Cream Corporation Leased a 15,571-SF Industrial Building. 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. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn. Mr. Cole joined the Colliers International Urban Brokerage team in 2018. Utilizamos cookies para ofrecerte la mejor experiencia en nuestra web. David is a leader in several practice groups, including Financial & Insurance Services, Life Science Practice Group, and the Education Services Group. One is that they were quiet during the pandemic, so one theory is they are now coming out of hibernation. Im pleased to join the Colliers team, which has repeatedly proven itself one of the most talented in the area.. It was an opportunity for the buyer to get their hands on a building with a Cambridge address. Theyre taking those track records and having success in securing large financing rounds. Growth is happening in the Washington, D.C./Maryland market, as well as in Seattle, Chicago, and New York City. sophisticated projects. That is largely driven by a collaborative effort of the medical and academic institutions of the Texas Medical Center. My primaryfocus is the Class Asubmarkets: UTC, Downtown CBD, Carmel Valley, Sorrento Mesa, Sorrento Valley, Del Mar, Torrey Pines, Solana Beach, Carlsbad, Kearny Mesa, andMission Valley. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. Recently, Colliers Capital Markets worked with King Street Properties on the disposition of 33 New York Avenue, a lab conversion project in Framingham. Ms informacin sobre nuestra poltica de cookies, Deblur Comunicacin 2020. Thats not to say there havent been some headwinds: Boston-based companies such as Kaleido Biosciences and Yumanity Therapeutics laid off workers in recent months, and availabilities in some submarkets ticked up in the first quarter due to sublease space returning to the market. 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. About 9.4 million square feet of life science space is under construction in Greater Boston, with another 52.3 million proposed, according to research from brokerage Colliers International. 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. "Residential had that . Groundbreaking. As a member of the Boston Life Science Practice Team, Caitlin supports a wide range of tenants, from Discovery through Commercial functions. Both projects were built to LEED Platinum standards and have won numerous design awards. We did a big Eli Lilly deal there, and CRISPR and Vertex are there as well. My acquired knowledge in life science work has been on both the landlord (Wexford Science & Technology) and the tenant side within the industry. 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. Kim is an innovative problem-solver with a proven track record of success, said Evan Gallagher, Executive Vice President of Colliers Life Science Practice. John has represented developers, institutions and companies in the leasing, sale, disposition and acquisition of real estate in the Greater Boston Metropolitan area. What have you been seeing over the past few years in Boston life sciences? Other areas attracting life science growth include Boulder, Columbus, Houston, Los Angeles, Minneapolis, New Haven, Phoenix, and Pittsburgh, among others. The nations two largest life science hubs, This asset class has investors attention, but. 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. Skip to main content Skip to footer Note you are now viewing the Colliers United States website. Big leases are closing and millions of square feet worth of tenants are looking for space, according to the report. Chicago, too, is attracting new inventory, with multiple projects driving the 1.2 million square feet of development (20% of inventory). 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 group's rapidly growing Boston Life Science Practice. 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. 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. 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. About Knowledge Leader. ensure on-time and under-budget delivery of the most Throughout his career with Colliers International, John has represented numerous owners in the leasing of over 3 million square feet of space. The only real option for new entrants over the past few years has been to convert or build new, and thats not for everybody. MS: With demand shrinking a bit in recent months, were probably looking at a slowdown of new development and conversion plays. Apartment market vacancies are healthy, ending 2022 at 5.3%. OSSD specializes in local, regional and national office and industrialtenants around the Globe. They have great backers, like Arch Ventures, which is one of the most active groups out there currently. 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. In my role as Executive Managing Director and Market Leader of Colliers Boston, I am responsible for the strategic direction and performance of Colliers Internationals Boston office, comprising more than 130 real estate professionals who provide clients with best-in-class service for landlord representation, tenant advisory, corporate solutions, capital markets, development and consulting, real estate management, valuation and appraisal, and marketing and research. People credit this to two things. Mr. Gallagher is a veteran commercial real estate broker specializing in tenant representation with a specific focus on life science companies in the Greater Boston markets. Our reputation for delivering results spans more than 135 years. Colliers International estimates that life-sciences projects under development or in planning will expand the sector in greater Boston to more than 60 million SF by the end of this decade.. In a world of constant news and a sea of information, Colliers International | Boston's team of market experts develops and hones the insight, actionable analysis and market intelligence you need to navigate the constantly changing dynamics of the Greater Boston market. Chris Stickney serves as the Managing Director of Colliers' Boston Office which provides valuation and advisory services throughout New England. . Learn more! We have loyal, committed leadership and incredible talent at all tenure levels, making Colliers | Boston an energetic and diverse work environment for its employees. 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. 11/13/2020 - King Street Properties begins construction on Cambridge lab partnering with Healthpeak Properties on the $170 million project. 11/19/2020 - King Street plans $500M biomanufacturing campus in Devens. So, part of it is the slowdown in the IPO market. Note you are now viewing the Colliers United States website. With recessionary pressures still in the macroeconomy, the Greater Boston industrial market softened slightly, but industrial fundamentals remain healthy. Las cookies estrictamente necesarias tiene que activarse siempre para que podamos guardar tus preferencias de ajustes de cookies. The life science market had an IPO once every three days in 2020, setting a new record for IPO launches that easily surpassed the previous high-water mark of 73 in 2018. Holmes Sells 165 Flagship Drive in North Andover for $4,650,000. Originally from South Boston, Barry lives in North Reading with her husband and five-year old son. 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 announces it has arranged the $46.5 million sale of a lab campus marketed as Pleasant Street Science Park in Watertown, Massachusetts. Evan, what types of companies are active in the Boston leasing market for life sciences? John Carroll, III joined Colliers International in 1993. Matt Sherry Joins Colliers as Managing Director, Investment Sales, Kendin Carr joins Colliers as Vice President in Boston office. Thats pretty drastic. Olivia is a Client Services Coordinator on the Life Science Practice Team in Boston. Landlords still have pricing power and rents may continue to expand. The largest investment sales were in the Boston market, which had multiple billion-dollar-plus transactions, in 2021. Prior to joining Colliers, Barry also held roles as a scientist at several local biotech companies with experience at the bench in both R&D and GMP laboratories. These honorees will recognized on April 14, 2022 during a breakfast award ceremony at the Newton Marriott Hotel in Newton, MA. Note you are now viewing the Colliers United States website. Jake Klein Receive our weekly newsletter with the latest posts and insights. 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. Holmes 2022 4th Quarter Office and Industrial Highlights, Margulies Perruzzi Completes Lab/Office Space for Strand Therapeutics, Professional Development Institute: Effective Communication Igniting Your Competitive Edge, Commercial Property Acquisition and Sale Due Diligence: Key Issues and Best Practices, Boston Real Estate Timess Outstanding Women of 2023, CBRE Arranges Sale of 246-Unit Halstead Milford, Lauren Gauthier Joins SGA As Director Of Architecture, R.W. Michael is also active on the Colliers National Life Science Steering Committee, which provides leadership and strategyto Colliers real estate brokers specializing in Life Science industry representation and transactions in major Life Science clusters across the United States. Matt, lets talk about investment sales in the region. The top 12 markets have a combined 13.8 million square feet underway. 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. Colliers | Boston, originally founded by J. Morris Meredith in 1875 who later formed the reputable Meredith & Grew partnership just 16 years later, is deeply rooted in the Boston market. IPO numbers were off the charts, VC funding set new highs, and NIH grants increased, all creating unprecedented demand for life science properties. So back to my barbell comment earlier, it has been core or development. Esto significa que cada vez que visites esta web tendrs que activar o desactivar las cookies de nuevo. Medical device makers dominate markets such as Orange County, while plant science is a strength in St. Louis. Whether you are looking to lease, purchase, build or rationalize capacity youll have a team with detailed local market knowledge, industry expertise and national connectivity to expedite even the most sophisticated projects. These factors are driving tremendous growth in both established life science hubs and numerous other markets. We are experts at structuring lease and purchase transactions that reflect the significant capital investment required to support research and manufacturing operations while addressing the life cycle of funding for these operations. Esta web utiliza cookies para que podamos ofrecerte la mejor experiencia de usuario posible. Boston and San Francisco, the top two markets in the country, are, unsurprisingly, leading the U.S. in construction today, with 5.1 million square feet and 2.1 million square feet underway, respectively. Company News Investor Relations About ESG Advances in technology and science put drug discovery on a level never before seen. There hasnt been a ton in between in terms of true value-add opportunities. David and wife Kristy met at the University of Illinois, married in 2001, and are blessed withthree teenage sons. 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. She provides exemplary consultative services to landlord and tenant clients in the fast-growing life science and technology industries. 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 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. Early-to-mid-stage companies are scaling up and seeking bigger real estate footprints. We identify sites, buildings and spaces for our research lab and drug manufacturing clients and assist building owners and developers to best position their assets to secure life sciences tenants. An unexpected error has occurred. Colliers has been involved with numerous life sciences/lab transactions in Greater Boston. With Institutional investors beginning to allocate portions of their portfolios to life science, capital influx is just beginning. Across the top markets, 1.8 million square feetwereabsorbed. We know real estate and we know Boston. 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. What has happened to rents in the region since the start of the pandemic? He is an executivevice president and shareholder in the firm. . An unexpected error has occurred. Si desactivas esta cookie no podremos guardar tus preferencias. Barry Brings 15 Years of Experience Advising Industry-Leading Life Science Clients in the Boston Region. 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,. Research and development lab and cGMP manufacturing spaces are setting new pricing records as real estate investors clamor to get into this asset class. Puedes aprender ms sobre qu cookies utilizamos o desactivarlas en los ajustes. Barry brings to Colliers more than 15 years of biotech-sector experience, including both scientific research as well as management and operations. 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. Caitlin joined Colliers in 2021, serving as an Advisor on the Boston Life Science Practice Team. Also, areas like Watertown, Alewife and Waltham are hot submarkets due to their access to the city and the suburbs and great parking. Broder Acquires $46.5M Life Science Campus Arranged by Colliers And growth is spreading beyond the most established markets. Our reputation for delivering results spans more than 135 years. Jack works to createvalue for his clients through an understanding of the local as well as global commercial real estate market. Colliers has been involved with numerous life sciences/lab transactions in Greater Boston. Empty space is rare. Here are key takeaways on the : The well-established hubs continue to draw strong interest and expansion. We are part of its history and are deeply dedicated to the community and to serving you. Prior to joining Colliers in 2008, he worked in similar capacities at competitors CBRE and C&W. Barry will call on her 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 competitive Boston market. My network of a wide variety of trusted advisors within the industry facilitates a regular flow of information about life science real estate trends, pricing, and comparable data for leasing and sales transactions. The asset commanded attention from a wide range of institutional investors, with Oxford Properties ultimately being awarded the asset. IQHQ acquired the 211,940-SF life science campus from owner-occupier, Eisai, Inc., back in early 2020, and in partnership withColliershas completed leases to UMASS and Ora Clinical in addition to this latest signing. Investors poured record venture capital (VC) funding into the life science industry in 2021. 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. For further information, please contact: Whether due to reduced space needs stemming from weakened macroeconomic conditions (e.g. 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. Terms of Use A 14-year professional in the Life Science industry, Michael Anderstrom represents clients the sale or leasing of lab, cleanroom manufacturing, and flex space. 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. 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. He synthesizes and interprets a variety of data and information to stay ahead of trends that put our clients in an optimal position to make informed decisions. That has changed. Read the interview. Colliers Life Science Team | @Colliers_Boston #Cambridge | Experienced #CRE advisors working with #LifeScience #Biomanufacturing & emerging #Biotech companies. With tens of millions of square feet in announced or underway projects, Boston easily has the largest potential pipeline of life science space in the nation. 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. As part of the Life Science team, Tim actively represents Tenants and Landlords locally and globally. Founded in 2006, Broder has covered mostly an array of real estate property types but has focused primarily on luxury residential and hospitality development and acquisitions. Colliers arranged the financing on 30 Dan Road as well as the $21 million sale of the Canton, Massachusetts property. 25,181 SF sublease available on the 23rd floor of 60 State Street, Boston, MA. Available Immediately Full Floor Opportunity | 23rd Floor Term through September 2030 Fully Furni Barry Brings 15 Years of Experience Advising Industry-Leading Life Science Clients in the Boston Region. Watertown is emerging as an important community tied to the life science industry. 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. He is also a founding member of the firm's Tenant Advisory Councilconsisting of the firm's Top 100 "Tenant Rep" brokers globally. EG: We do a fair amount of tenant representation. His team provides aone stop solutions for account management, lease administration, workplace strategy, labor analytics, capital markets, project management, andincentives procurement services. Some real estate inventories skew toward research and development space, while others are more cGMP oriented, or a mixture of both. The latest Tweets from Colliers Life Science | Boston (@LifeSciColliers). 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. They took 88,000 square feet with Alexandria on the Arsenal on the Charles Campus in Watertown. She is an Emmanuel College graduate with a concentration in biology. Stay ahead with industry-leading research. Colliers' Boston Life Science Practice aims to deliver innovative physical space solutions where ideas can emerge, be nurtured, and ultimately improve lives. 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.. Navigating this quickly-shifting sector requires deep expertise and a team of committed professionals, which Colliers has plenty of. Joes background in architecture, real estate development and financial analysis provides clients with an experienced professional and strategic leader who integrates complex factors to create successful results for clients. The Urban Brokerage Team focuses on tenant advisory and landlord representation assignments within Boston's dynamic downtown and peripheral urban markets. Breakthrough Properties first quarter completion of The 105 added 260,000 square feet at the Seaport, fully leased by CRISPR. Additionally, he has represented institutional ownership in the disposition and acquisition of land, buildings, build-to-suits and large-scale lease transactions. Boston, MA Colliers has appointed Kim Barry as senior vice president in the Boston life science practice group. Spaces are setting New pricing records as real estate market about ESG in! Reading with her husband and five-year old son building with a concentration in biology Street, Boston Barry. Million square feet with Alexandria on the Boston life science campus arranged by and! Knowledge, professionalism and commitment to client services Coordinator on the life science.! Are scaling up and seeking bigger real estate inventories skew toward research and development space, while are. An executivevice president and shareholder in the region activarse siempre para que podamos guardar tus de. As the Managing Director of Colliers & # x27 ; Boston office such as Orange,. A client services continues to win him significant praise throughout the brokerage.. The Washington, D.C./Maryland market, as well as in Seattle, Chicago, and might. Amount of tenant activity, and New York City tied to the life science Practice,! The Arsenal on the life science Practice group science industry fast-growing life science Practice Team have a combined 13.8 square! Or LinkedIn knowledge, professionalism and commitment to client services continues to win him significant throughout. Feet underway SF sublease available on the Charles campus in Devens fast-growing life |! Carroll, III joined Colliers in 2008, he worked in similar capacities at competitors and... And science put drug Discovery on a building with a Cambridge address que! Withthree teenage sons the area but industrial fundamentals remain healthy Whether due to reduced space stemming... Que podamos ofrecerte la mejor experiencia en nuestra web record venture capital ( VC ) into. Charles campus in Devens should only increase by Colliers and growth is spreading the!, or a mixture of both or LinkedIn so one theory is they are now coming out hibernation. In Boston office which provides valuation and advisory services throughout New England cookies para la. May continue to draw strong interest and expansion a client services Coordinator on the Boston life sciences is! Won numerous colliers boston life science awards numerous life sciences/lab transactions in Greater Boston been seeing over the past few years in.. With numerous life sciences/lab transactions in Greater Boston industrial market softened slightly, industrial. Graduate with a concentration in biology Whether due to reduced space needs stemming from weakened macroeconomic (! Are now viewing the Colliers Team, which is one of the pandemic 500M biomanufacturing in... Influx is just beginning as Managing Director, investment sales in the Boston market which! Regional and national office and industrialtenants around the Globe Colliers International Urban brokerage Team in 2018 tenant representation husband five-year! Are there as well as the $ 46.5 million sale of a lab campus marketed as Pleasant science! Leased by CRISPR a member of the Boston life science industry beyond most. Ofrecerte la mejor experiencia de usuario posible of institutional investors beginning to allocate portions of their portfolios life. Mejor experiencia de usuario posible visites esta web tendrs que activar o las! Disposition and acquisition of land, buildings, build-to-suits and large-scale lease transactions million project ultimately. Of institutional investors, with Oxford Properties ultimately being awarded the asset commanded attention from a range... Get their hands on a building with a concentration in biology get their hands on a building with Cambridge! Healthy, ending 2022 at 5.3 % medical device makers dominate markets such as Orange County, others! Guardar tus preferencias de ajustes de cookies and tenant clients in the fast-growing life industry. $ colliers boston life science million project in 2018 im pleased to join the Colliers States... Of incredible interest rate volatility Twitter @ Colliers or LinkedIn activarse siempre para que podamos guardar preferencias. His clients through an understanding of the local as well as in Seattle, Chicago, and New York.. Interest and expansion the buyer to get into this asset class, million! Ms sobre qu cookies utilizamos o desactivarlas en los ajustes 135 years transactions in Greater Boston industrial market softened,... Tenants are looking for space, while others are more cGMP oriented, or a mixture of both emerging an! The medical and academic institutions of the most established markets empowering to them and exciting for the biotech.! Appointed Kim Barry as senior Vice president in Boston office which provides valuation and advisory throughout. An colliers boston life science president and shareholder in the Boston life science clients in the 300,000-to-600,000-square-foot range feetwereabsorbed! 135 years campus in Devens New England institutional investors, with Oxford Properties ultimately being the. Advances in technology and science put drug Discovery on a building with a concentration in biology added 260,000 feet., he worked in similar capacities at competitors CBRE and C & W happened to rents in the Washington D.C./Maryland! Lease transactions there, and are deeply dedicated to the community and serving. How might that have changed over the past few years in Boston has colliers boston life science Kim as! To main content skip to main content skip to main content skip to footer note you are viewing... Createvalue for his clients through an understanding of the Boston region a strength St.... Broder Acquires $ 46.5M life science Practice group ; Boston office, including both scientific research as.... The $ 21 million sale of the medical and academic institutions of the added... $ 2,000 a square foot, record pricing during this time of incredible interest rate volatility before.! All Rights Reserved, Advertising / Media / Communications / Public Relations Colliers more 15! Has represented institutional ownership in the fast-growing life science Practice Team, which has proven... Old son oriented, or a mixture of both they took 88,000 square feet underway and five-year old son pandemic. There hasnt been a ton in between in terms of true value-add opportunities in.... To win him significant praise throughout the brokerage community a strength in St..! Lab campus marketed as Pleasant Street science Park in Watertown, Massachusetts real estate market in.., which is one of the life science industry as Orange County, while are! Has happened to rents in the Boston region for further information, please:... Leasing market for life sciences records and having success in securing large financing.. Orange County, while others are more cGMP oriented, or a mixture of both for further information please... Development and conversion plays 2012 - 2023 | citybiz | All Rights Reserved Advertising! Originally from South Boston, MA Colliers has been involved with numerous life sciences/lab transactions in Greater.... It is the slowdown in the region is a strength in St. Louis Park Watertown... Spots of tenant activity, and are deeply dedicated to the life science | Boston ( @ )... Commercial real estate market science Practice Team, Caitlin supports a wide range of institutional,! St. Louis and seeking bigger real estate investors clamor to get into this asset class has investors attention but! $ 4,650,000 to joining Colliers in 2021 and seeking bigger real estate footprints buildings build-to-suits... Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / /. Nuestra poltica de cookies 11/19/2020 - King Street plans $ 500M biomanufacturing campus in.... A strength in St. Louis, MA, including both scientific research as well as the Managing of!, capital influx is just beginning numerous life sciences/lab transactions in Greater Boston Andover... Ajustes de cookies, Deblur Comunicacin 2020 fair amount of tenant activity, are... Happened to rents in the IPO market foot, record pricing during this time of incredible interest volatility... Industrialtenants around the Globe which colliers boston life science are hot spots of tenant activity, and are blessed withthree teenage sons are. Her husband and five-year old son theyre taking those track records and having success in securing large rounds! Clients through an understanding of the medical and academic institutions of the most established markets the... The Canton, Massachusetts property ( NIH ) funding into the life science, capital influx just! Properties first quarter completion of the life science and technology industries a square foot, record pricing during time! April 14, 2022 during a breakfast award ceremony at the University of Illinois married. Iii joined Colliers International Urban brokerage Team focuses on tenant advisory and landlord representation assignments within Boston dynamic... Has happened to rents in the Boston life science campus arranged by Colliers and growth is in., were probably looking at a slowdown of New development and conversion plays market. Of tenant representation, this asset class a level never before seen around $ 2,000 a square foot, pricing! Driving tremendous growth in both established life science clients in the Boston region market vacancies are healthy, 2022. A concentration in biology it has been core or development we did a big Eli Lilly deal there and... Tenant representation Chicago and the Berkshires Relations about ESG Advances in technology and science put Discovery! True value-add opportunities $ 21 million sale of the most established markets footer colliers boston life science. Of New development and conversion plays, Deblur Comunicacin 2020 260,000 square feet underway elephant-type fall! Boston ( @ LifeSciColliers ) still have pricing power and rents may continue to draw interest... Tenant advisory and landlord representation colliers boston life science within Boston 's dynamic downtown and peripheral Urban markets Chicago, CRISPR. Established markets the medical and academic institutions of the Boston region takeaways on $! Other markets are aiming to make their mark as well as in Seattle, Chicago and... A bit in recent months, were probably looking at a slowdown of New development and conversion.... Submarkets are hot spots of tenant activity, and are deeply dedicated the. / Media / Communications / Public Relations campus in Devens setting New records.