As part of the Life Science team, Tim actively represents Tenants and Landlords locally and globally. 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. Associate Vice President and Life Science and Health Technology Principal. 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. One is the founders and the backers, people with incredible track records. The asset commanded attention from a wide range of institutional investors, with Oxford Properties ultimately being awarded the asset. His practice involves creating effective real estate solutions for his clients, locally and globally, and landlord representation for primarily office and industrial properties. 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. 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 There are a variety of successful processes that our teams follow when guiding clients through transitional strategies. Our reputation for delivering results spans more than 135 years. 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. 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. This has raised tremendous amounts of capital that is driving demand for lab and life science space. Our Colliers life sciences expert will work with you to find the right capacity and environment to maximize efficiencies and minimize costs. Open navigation menu But there has definitely been a race to expand to satisfy any demand in the market. As Research Director | U.S. Capital Markets, Aaron is responsible for all aspects of research within the Capital Markets platform. IPOs also set new highs. New deliveries in 2022 will open the door for more absorption. Terms of Use In her most recent position with Venture Forward Partners, she consulted with companies on laboratory design and operations, relocation services and more. managing director of investment sales for Colliers Boston, said at the brokerage's annual market outlook forum this week. 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. He also serves as the National Practice Leader of . Broder Acquires $46.5M Life Science Campus Arranged by Colliers From a scale perspective, the San Francisco Bay Area and Boston rank first and second, respectively. She provides exemplary consultative services to landlord and tenant clients in the fast-growing life science and technology industries. An unexpected error has occurred. Prior to joining Colliers in 2008, he worked in similar capacities at competitors CBRE and C&W. 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. Investors poured record venture capital (VC) funding into the life science industry in 2021. Matt Sherry: What were seeing on our side is similar. It seems we cant find what youre looking for. Esto significa que cada vez que visites esta web tendrs que activar o desactivar las cookies de nuevo. Stay ahead with industry-leading research. 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. Chicago, too, is attracting new inventory, with multiple projects driving the 1.2 million square feet of development (20% of inventory). 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. The well-established hubs continue to draw strong interest and expansion. 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. 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. Note you are now viewing the Colliers United States website. Privacy Policy He focuses his efforts on supporting tenants within the Life Science, Technology, Legal, Educational and Financial industries. 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. Boston, MA (617) 330-8000 Website @ColliersIntl Overview COLLIERS INTERNATIONAL - COMPANY OVERVIEW Colliers International has been an active participant in the Life Science/Biotechology real estate markets since the early 1980s when the biotechnology industry started to take shape in Cambridge. EG: We do a fair amount of tenant representation. This deal shows the realized value from a lab conversion and the push of institutional capital to this asset class. 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. MS: We just closed a deal in Cambridge called Blackstone Science Square. Colliers announces it has arranged the $46.5 million sale of a lab campus marketed as Pleasant Street Science Park in Watertown, Massachusetts. 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. 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. A 14-year professional in the Life Science industry, Michael Anderstrom represents clients the sale or leasing of lab, cleanroom manufacturing, and flex space. And growth is spreading beyond the most established markets. 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. Si desactivas esta cookie no podremos guardar tus preferencias. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Joining Cole in representing IQHQ were Executive Vice President Greg Klemmer and Assistant Vice President Tim Allen. 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. His in-depth market knowledge, professionalism and commitment to client services continues to win him significant praise throughout the brokerage community. Learn more! Landlords still have pricing power and rents may continue to expand. He also oversaw an 8.5 million-square-foot, Class A office portfolio in New Jersey and eastern Pennsylvania for SJP Properties. Colliers has been involved with numerous life sciences/lab transactions in Greater Boston. 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. So, we have also seen a decrease in general volume, and transactions have been more difficult to complete. Major life science leases are getting done in Boston. Barry will call on her deep experience and knowledge of the sector and the . One is that they were quiet during the pandemic, so one theory is they are now coming out of hibernation. Copyright 2022 Colliers International What strategies are popular with investors entering this life science market? The only real option for new entrants over the past few years has been to convert or build new, and thats not for everybody. Skip to main content Skip to footer Note you are now viewing the Colliers United States website. 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. What has happened to rents in the region since the start of the pandemic? Which submarkets are hot spots of tenant activity, and how might that have changed over the past few years? 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. An unexpected error has occurred. Oncorus was represented by JLLs Peter Bekerian in the transaction. 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. Top 25 U.S. Industrial & Logistics Market | Winter 2022, Colliers Pittsburgh Welcomes Back Edward Lawrence, The Jefferson Institute of Bioprocessing to Bring Biologics Training to Budd Bioworks, Colliers LabNotes: Matthew Hewitt from Scientific Solutions at Charles River Labs, Optimal location solutions for talent attraction, accessibility, operating costs, specialized requirements, incentives and more, Flexibility for changing circumstances, including rapid growth, unforeseen setbacks in trial results, M&A and more, Favorable capital investment structure with landlords, Protection from unrecognized exposures over the life of a lease, Capitalization and credit of growing drug development companies, Infrastructure and capital requirements of research lab and manufacturing facilities, Life cycle factors shaping transaction structuring for life sciences users, MIT - Massachusetts Institute of Technology. Early-to-mid-stage companies are scaling up and seeking bigger real estate footprints. For the early- and mid-stage companies, whether theyre private or public, it comes down to two things. As Research Director | U.S. Capital Markets, Aaron is responsible for all aspects of research within the Capital Markets platform. Utilizamos cookies para ofrecerte la mejor experiencia en nuestra web. Seaport also continues to be hot. His practice involves creating effective real estate solutions for his clients, locally and globally, and landlord representation for primarily office and industrial properties. Holmes Sells 165 Flagship Drive in North Andover for $4,650,000. It traded for around $2,000 a square foot, record pricing during this time of incredible interest rate volatility. 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. 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. , we have also seen a decrease in general volume, and how might that have over... Significant praise throughout the brokerage & # x27 ; s annual market outlook forum week... President Greg Klemmer and Assistant Vice President Greg Klemmer and Assistant Vice President Greg Klemmer and Assistant Vice President Klemmer. And tenant clients in the market clients in the fast-growing life Science industry 2021. Bigger real estate footprints side is similar of institutional investors, with Oxford Properties ultimately being awarded the asset globally... 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