Cambridge, MA 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. 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. Our reputation for delivering results spans more than 135 years. Conversions happening throughout that market, from the city to the suburbs, are driving tremendous capital flows to office and industrial assets. His comprehensive approach including assisting clients to identify an efficient spaceprogram; impartially surveyall viable properties;tenaciously negotiating favorableterms; and procuringarchiects, contractors andconsultants for implementation. The largest investment sales were in the Boston market, which had multiple billion-dollar-plus transactions, in 2021. Our Colliers life sciences expert will work with you to find the right capacity and environment to maximize efficiencies and minimize costs. With Institutional investors beginning to allocate portions of their portfolios to life science, capital influx is just beginning. About Knowledge Leader. To make sure that our team can deliver insightful and thoughtful life science real estate strategies to our clients, regardless of company size and the challenges they may face in entering and exiting the clinic successfully. We know real estate and we know Boston. . Our team of dedicated life science real estate advisors understands that our clients need someone in their corner navigating real estate solutions in a supply-constrained market. One is the founders and the backers, people with incredible track records. Note you are now viewing the Colliers United States website. She brings to Colliers excellent leadership qualities developed over the course of a 15-year career working hands-on with various biotech firms. 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. Hire a team that has a proven track record of success. 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. But ultimately, the outlook for future absorption is positive. Privacy Policy A 14-year professional in the Life Science industry, Michael Anderstrom represents clients the sale or leasing of lab, cleanroom manufacturing, and flex space. Our reputation for delivering results spans more than 135 years. 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. Its exciting to see this type of growth, going from 20 employees to 150-plus. We know real estate and we know Boston. 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. We have the data and insight you need to really know the Boston market and beyond. 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. 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. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. She is an Emmanuel College graduate with a concentration in biology. 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. Through my work on local, regional and national site selection assignments, I havedeveloped a firm grasp of the rigorous process required to meet the key search criteria of my clients. Which submarkets are hot spots of tenant activity, and how might that have changed over the past few years? managing director of investment sales for Colliers Boston, said at the brokerage's annual market outlook forum this week. This has raised tremendous amounts of capital that is driving demand for lab and life science space. 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. He is an executivevice president and shareholder in the firm. 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. He is also a founding member of the firm's Tenant Advisory Councilconsisting of the firm's Top 100 "Tenant Rep" brokers globally. John Carroll, III joined Colliers International in 1993. His practice involves creating effective real estate solutions for his clients, locally and globally, and landlord representation for primarily office and industrial properties. Both projects were built to LEED Platinum standards and have won numerous design awards. 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. That has changed. This deal shows the realized value from a lab conversion and the push of institutional capital to this asset class. sophisticated projects. management or construction management services, Please try again. EG: Big Pharma has been extremely active over the last 120 days. People credit this to two things. When were putting surveys together for clients who need anywhere from 20,000 to 100,000 square feet, they have a choice now. Breakthrough Properties first quarter completion of The 105 added 260,000 square feet at the Seaport, fully leased by CRISPR. 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. Caitlin approaches each clients needs and challenges with enthusiasm, working diligently to develop a holistic understanding of their requirements. Investors poured record venture capital (VC) funding into the life science industry in 2021. Esto significa que cada vez que visites esta web tendrs que activar o desactivar las cookies de nuevo. View our Colliers Boston blog, Colliers In Focus, and subscribe to begin receiving e-mail updates as new blogs get posted. Receive our weekly newsletter with the latest posts and insights. 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. Landlords still have pricing power and rents may continue to expand. 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,. 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. Despite the name and logo change, the Meredith & Grew reputation, principles and values still exist at the companys core. 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. 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. Life science means different things to different investors: markets vary in product type, specialization, and sophistication. 11/19/2020 - King Street plans $500M biomanufacturing campus in Devens. Notably, Broder has recently completed two significant projects in Chicago and the Berkshires. The overall availability rate in the metro ticked up to 2.4% in the first quarter due to tenants returning space to the market and some new space not yet being fully committed. Caitlin joined Colliers in 2021, serving as an Advisor on the Boston Life Science Practice Team. 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. When not enjoying watching her son play soccer and swim, Barry indulges her love of travel and cooking. Colliers' Boston Life Science Practice aims to deliver innovative physical space solutions where ideas can emerge, be nurtured, and ultimately improve lives. Learn more! As part of the Life Science team, Tim actively represents Tenants and Landlords locally and globally. IPOs also set new highs. That is largely driven by a collaborative effort of the medical and academic institutions of the Texas Medical Center. With a staff of over 130 working out of the Colliers Boston offices, we take a strategic approach to on-going company growth and talent acquisition, making sure that our people represent and uphold our overall company culture and values. Scribd is the world's largest social reading and publishing site. These factors are driving tremendous growth in both established life science hubs and numerous other markets. And growth is spreading beyond the most established markets. 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.. 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. With recessionary pressures still in the macroeconomy, the Greater Boston industrial market softened slightly, but industrial fundamentals remain healthy. With space availability below 2%, the space crunch has yet to abate. Here are key takeaways on the : 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. They have completed thousands of transactions including renewals, new leases, build to suits, purchases and salestransactions. Seaport also continues to be hot. 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. 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. David and wife Kristy met at the University of Illinois, married in 2001, and are blessed withthree teenage sons. It traded for around $2,000 a square foot, record pricing during this time of incredible interest rate volatility. 11/13/2020 - King Street Properties begins construction on Cambridge lab partnering with Healthpeak Properties on the $170 million project. 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. Hear from Matthew Hewitt, Executive Director at Charles Rivers Labs on Philadelphia's cell and gene therapy life sciences, and the Multiply Labs consortium. 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. 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. But there has definitely been a race to expand to satisfy any demand in the market. His team provides aone stop solutions for account management, lease administration, workplace strategy, labor analytics, capital markets, project management, andincentives procurement services. Company News Investor Relations About ESG In 2020 Boston and San Diego led the country in positive net absorption, at 1.2 million square feetand 405,000 square feet, respectively. We were at 7 million square feet of active requirements in the marketplace about 18 months ago, and weve dropped to about 4 million square feet. 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. 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. Colliers Quick Hits | Life Science Opportunities Are Spreading by Aaron Jodka | 21 April 2022 Investors poured record venture capital (VC) funding into the life science industry in 2021. Terms of Use They took 88,000 square feet with Alexandria on the Arsenal on the Charles Campus in Watertown. Thats pretty drastic. As Research Director | U.S. Capital Markets, Aaron is responsible for all aspects of research within the Capital Markets platform. The campus also provides ample opportunity to develop up to 180,000 SF of new life science product. Privacy Policy 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. It was an opportunity for the buyer to get their hands on a building with a Cambridge address. Colliers arranged the financing on 30 Dan Road as well as the $21 million sale of the Canton, Massachusetts property. I haveexperience with Advanced Therapeutic Medicinal Products, Parenteral Fill Finish, Solid Oral Dosage, Biologics, and Medical Device manufacturing facilities, as well as a solid background in Laboratory Research and Development/Pilot scale facilities andcontrolled environments. The asset commanded attention from a wide range of institutional investors, with Oxford Properties ultimately being awarded the asset. 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. Michael offers his clients a unique industry advantage, having gained his real-world Life Science experience in his roles at 3M, DonJoy Orthopedics, and The Regulatory and Clinical Research Institute (acquired by Covance/Labcorp). 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. Research and development lab and cGMP manufacturing spaces are setting new pricing records as real estate investors clamor to get into this asset class. The life science market had an IPO once every three days in 2020, for a total valuation of $90.3 billion. Additionally, he has represented institutional ownership in the disposition and acquisition of land, buildings, build-to-suits and large-scale lease transactions. Recently, Colliers Capital Markets worked with King Street Properties on the disposition of 33 New York Avenue, a lab conversion project in Framingham. These are the words that come to mind when describing the current life sciences landscape. 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 a growing team of six dedicated specialists, we have the depth and drive to fully understand every moving piece of the evolving and ever-growing life science real estate market, providing our clients with real-time, superior insights along the way. An unexpected error has occurred. 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 . All Rights Reserved. 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. According to Executive Vice President Curtis Cole ofColliers Life Science Practice team, IQHQs vision for Innovation Park is truly flourishing. Please try again. Eight Boston Architecture Firms Make to the List of Top 50 Market Basket Supermarket Coming to Maynard Crossing, The Top 10 Commercial Real Estate Developers of Boston in 2020, CBRE New England Brokers Three Leases, Totaling 75,695 SF in Chelmsford. Colliers life sciences experts are a network of real estate advisors across North America working in primary, secondary and emerging life science clusters. National Institutes of Health (NIH) funding is set to rise in fiscal year 2022. 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. Broder principals Eric Svenson and Dana Nielsen led the effort to acquire the Watertown campus, allowing Broder to shift its focus to the life science space. 313 Pleasant St. in Watertown A Boston-based residential and hospitality developer is dipping its toes in the life sciences fray. One is that they were quiet during the pandemic, so one theory is they are now coming out of hibernation. 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. 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. Mr. Cole joined the Colliers International Urban Brokerage team in 2018. Ms informacin sobre nuestra poltica de cookies, Deblur Comunicacin 2020. . IPO numbers were off the charts, VC funding set new highs, and NIH grants increased, all creating unprecedented demand for life science properties. Matt Sherry: What were seeing on our side is similar. Colliers' Boston Life Science Practice aims to deliver innovative physical space solutions where ideas can emerge, be nurtured, and ultimately improve lives. Recently, Colliers Capital Markets worked with King Street Properties on the disposition of 33 New York Avenue, a lab conversion project in . Having played an integral role in landmark transactions across the city, Massachusetts and New England as a whole, Meredith & Grew is ultimately the foundation of the companys long-term success, built upon exceptional service, unrivaled market knowledge, business acumen and a deep dedication to the community. The latest Tweets from Colliers Life Science | Boston (@LifeSciColliers). Barry Brings 15 Years of Experience Advising Industry-Leading Life Science Clients in the Boston Region. 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 a scale perspective, the San Francisco Bay Area and Boston rank first and second, respectively. Life science companies and researchers should focus on what they do best: changing the world one discovery at a time. MS: The last few years have seen a barbell effect. 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. He leadsteam of six professional who specialize in local brokerage and account portfolio management. 40th Annual Trends In the Real Estate Market Seminar - Connecting the Dots with Colliers International, Development and Consulting Services Group, Colliers Facilitates 81,293 SF Flex Sublease in Franklin on behalf of Tegra Medical, Broder Acquires $46M Life Science Campus Arranged by Colliers, Colliers Capital Markets Team Continues Growth with Addition of Matthew Sherry, Colliers Rounds Out Investment Sales Group With Multifamily Specialist Kendin Carr. Some real estate inventories skew toward research and development space, while others are more cGMP oriented, or a mixture of both. Throughout his career with Colliers International, John has represented numerous owners in the leasing of over 3 million square feet of space. OSSD specializes in local, regional and national office and industrialtenants around the Globe. Note you are now viewing the Colliers United States website. 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. Advances in technology and science put drug discovery on a level never before seen. Growth is happening in the Washington, D.C./Maryland market, as well as in Seattle, Chicago, and New York City. 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. David specializes in tenant representation for office, lab, industrial, retail, education and specialty facilities. Twitter Putting Majority of NYC Offices Up for Sublease. As more projects deliver and companies set up shop, the market will solidify its status as the nations leading biotechnology hub. His practice involves creating effective real estate solutions for his clients, locally and globally, and landlord representation for primarily office and industrial properties. Read more about the U.S. Life Science Report: First Quarter 2022 report. Colliers Life Science Team | @Colliers_Boston #Cambridge | Experienced #CRE advisors working with #LifeScience #Biomanufacturing & emerging #Biotech companies. What have you been seeing over the past few years in Boston life sciences? Apartment market vacancies are healthy, ending 2022 at 5.3%. ensure on-time and under-budget delivery of the most There hasnt been a ton in between in terms of true value-add opportunities. We were very impressed by Broders ability to uniquely comprehend and appreciate the value of life science at this instrumental location, Top 25 U.S. Industrial & Logistics Market | Winter 2022. 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. As Research Director | U.S. Capital Markets, Aaron is responsible for all aspects of research within the Capital Markets platform. Copyright 2022 Colliers International Copyright 2022 Colliers International Empty space is rare. They have great backers, like Arch Ventures, which is one of the most active groups out there currently. Si desactivas esta cookie no podremos guardar tus preferencias. The next tier is Philadelphia, San Diego, and New Jersey; Raleigh-Durham is its own tier, and other markets fall in line thereafter.

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