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. 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. Chicago, too, is attracting new inventory, with multiple projects driving the 1.2 million square feet of development (20% of inventory). Watertown is emerging as an important community tied to the life science industry. We are incredibly excited about leasing momentum and the establishment of a growing cluster in Bostons northern suburbs., Although the campus was previously occupied by a single user with Eisai, its layout is highly conducive and versatile for multi-tenanting. John Carroll, III joined Colliers International in 1993. Overall, the results for 2022 were mixed as the . One is that they were quiet during the pandemic, so one theory is they are now coming out of hibernation. Vacancies in most markets are incredibly low, many below 5%, indicating more space is needed for expanding tenants. Big leases are closing and millions of square feet worth of tenants are looking for space, according to the report. Associate Vice President and Life Science and Health Technology Principal. We are part of its history and are deeply dedicated to the community and to serving you. 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. 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.. Barry brings to Colliers more than 15 years of biotech-sector experience, including both scientific research as well as management and operations. Those are real needle movers. And growth is spreading beyond the most established markets. Major life science leases are getting done in Boston. Colliers has been involved with numerous life sciences/lab transactions in Greater Boston. We have the data and insight you need to really know the Boston market and beyond. 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. Jake Klein 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. David and wife Kristy met at the University of Illinois, married in 2001, and are blessed withthree teenage sons. Please try again. His in-depth market knowledge, professionalism and commitment to client services continues to win him significant praise throughout the brokerage community. David is a leader in several practice groups, including Financial & Insurance Services, Life Science Practice Group, and the Education Services Group. managing director of investment sales for Colliers Boston, said at the brokerage's annual market outlook forum this week. 313 Pleasant St. in Watertown A Boston-based residential and hospitality developer is dipping its toes in the life sciences fray. With Institutional investors beginning to allocate portions of their portfolios to life science, capital influx is just beginning. 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. Privacy Policy Partnership provides key workforce development in Philadelphias emerging life science market. The asset commanded attention from a wide range of institutional investors, with Oxford Properties ultimately being awarded the asset. In addition, he has completed over 200 tenant representation transactions totaling more than 2 million square feet. 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. He has spent 30 years working in the industry, focusing on companies within the life science, pharmaceutical, biomanufacturing and technology industries. Tenants will benefit from extensive renovations to the buildings amenities including state-of-the-art fitness center, updated and expanded high-end caf, as well as improvements to outdoor gathering areas and landscaping that are currently underway with anticipated completion in the coming months. Our Colliers life sciences expert will work with you to find the right capacity and environment to maximize efficiencies and minimize costs. Mr. Cole joined the Colliers International Urban Brokerage team in 2018. But ultimately, the outlook for future absorption is positive. His team provides aone stop solutions for account management, lease administration, workplace strategy, labor analytics, capital markets, project management, andincentives procurement services. Life science developers are paying two to three times as much per square foot for development sites as apartment developers in the urban core, according to research by Colliers International. Despite the name and logo change, the Meredith & Grew reputation, principles and values still exist at the companys core. The next tier is Philadelphia, San Diego, and New Jersey; Raleigh-Durham is its own tier, and other markets fall in line thereafter. Joe is a Healthcare Fellow and serves on Colliers National Healthcare Services and Life Sciences Steering Committees. So back to my barbell comment earlier, it has been core or development. IPO numbers were off the charts, VC funding set new highs, and NIH grants increased, all creating unprecedented demand for life science properties. Our reputation for delivering results spans more than 135 years. Caitlin joined Colliers in 2021, serving as an Advisor on the Boston Life Science Practice Team. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn. 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). Scribd is the world's largest social reading and publishing site. EG: Kendall Square had zero vacancy over the last three years, so we were spending more time in secondary markets. With a net of more than two million square feet of additional occupied space in 2022, the metros life sciences sector expanded for the ninth consecutive year. Boston, for one, had $5.7 billion in investment in existing office, lab, and industrial/flex buildings last year. Big leases are closing and millions of square feet worth of tenants are looking for space, according to the report. He leadsteam of six professional who specialize in local brokerage and account portfolio management. Thats empowering to them and exciting for the biotech community. Oncorus was represented by JLLs Peter Bekerian in the transaction. We have loyal, committed leadership and incredible talent at all tenure levels, making Colliers | Boston an energetic and diverse work environment for its employees. These factors are driving tremendous growth in both established life science hubs and numerous other markets. From a scale perspective, the San Francisco Bay Area and Boston rank first and second, respectively. He also serves as the National Practice Leader of . Whether you are looking to lease or invest in a rese 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. 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. Additionally, he has represented institutional ownership in the disposition and acquisition of land, buildings, build-to-suits and large-scale lease transactions. Freudenheim Partners Arranges 30,000 SF Relocation and Expansion for Cyprotex, 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, AGC MA announces 2023 BWIC Inspire Awards Winners, Arcadis DPS Group Welcomes Chris Oldham as Director of Project Management, Chapman Construction Completes LEED Renovation for Boston Universitys Student Health Services. 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. What have you been seeing over the past few years in Boston life sciences? Note you are now viewing the Colliers United States website. With an experienced property management team on-hand, Broder will self-manage the existing properties while pursuing the best development path for the campus with neighborhood stakeholders. 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. 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. A 14-year professional in the Life Science industry, Michael Anderstrom represents clients the sale or leasing of lab, cleanroom manufacturing, and flex space. Alongside my partners on the Southwest Brokerage team, I helped clients make highly informed decisions in an increasingly dynamic investment and leasing market. Across the top markets, 1.8 million square feetwereabsorbed. What has happened to rents in the region since the start of the pandemic? Originally from South Boston, Barry lives in North Reading with her husband and five-year old son. Today he focuses on providing strategic solutions to local, national and global Health Care, Life Sciences and Corporate clients. 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. Recently, Colliers Capital Markets worked with King Street Properties on the disposition of 33 New York Avenue, a lab conversion project in . 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. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. 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. 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. Early-to-mid-stage companies are scaling up and seeking bigger real estate footprints. Companies coming up with groundbreaking medicines have significant optionality, whether its in the sublease market were seeing 70 subleases throughout greater Boston, as opposed to zero a year and a half ago or on a direct basis within submarkets throughout greater Boston. Joining Cole in representing IQHQ were Executive Vice President Greg Klemmer and Assistant Vice President Tim Allen. It seems we cant find what youre looking for. 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. John has represented developers, institutions and companies in the leasing, sale, disposition and acquisition of real estate in the Greater Boston Metropolitan area. 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. 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. management or construction management services, Email: colliers@goldin.com. Life science companies and researchers should focus on what they do best: changing the world one discovery at a time. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. Phone: 646.660.8644 It traded for around $2,000 a square foot, record pricing during this time of incredible interest rate volatility. New deliveries in 2022 will open the door for more absorption. Colliers announces it has secured an 81,293 square-foot sublease on behalf of Tegra Medical at 9 Forge Parkway in Franklin. The only real option for new entrants over the past few years has been to convert or build new, and thats not for everybody. Executive Vice President | Healthcare and Life Sciences, Joe joined Colliers International in 2012 to lead and grow Colliers Office Brokerage Division. MS: We just closed a deal in Cambridge called Blackstone Science Square. 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. Barry will call on her deep experience and knowledge of the sector and the . Utilizamos cookies para ofrecerte la mejor experiencia en nuestra web. Empty space is rare. 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.. Terms of Use Notably, Broder has recently completed two significant projects in Chicago and the Berkshires. 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 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. 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. 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. 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. 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. 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. 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. IPOs also set new highs. 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. Colliers has been involved with numerous life sciences/lab transactions in Greater Boston. With space availability below 2%, the space crunch has yet to abate. National Institutes of Health (NIH) funding is set to rise in fiscal year 2022. 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. Groundbreaking. Throughout his career with Colliers International, John has represented numerous owners in the leasing of over 3 million square feet of space. Barry Brings 15 Years of Experience Advising Industry-Leading Life Science Clients in the Boston Region. 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. Following a 132-year period operating as Meredith & Grew, the company embraced a new chapter when Colliers International purchased an 80% interest in the company, allowing the remaining 20% to be locally owned and managed. 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. 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. Outstanding Women of Commercial Real Estate 2023 Announced, Will be Honored Bostons Largest Architectural Firms: 2023. Given the current scale of investment in Boston and the San Francisco Bay Area, along with their future development pipelines, they will continue to remain the most sought-after markets in the country. Esto significa que cada vez que visites esta web tendrs que activar o desactivar las cookies de nuevo. Barry Brings 15 Years of Experience Advising Industry-Leading Life Science Clients in the Boston Region. 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. Matt, lets talk about investment sales in the region. Copyright 2022 Colliers International 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. He is an executivevice president and shareholder in the firm. Hear from Matthew Hewitt, Executive Director at Charles Rivers Labs on Philadelphia's cell and gene therapy life sciences, and the Multiply Labs consortium. The inventory in Cambridge is mostly controlled by long-term holders, so the buyers saw this as an opportunity to plant a flag in the most core life science market in the world. Navigating this quickly-shifting sector requires deep expertise and a team of committed professionals, which Colliers has plenty of. The property will also feature shared space for local biotech startups. The campus also provides ample opportunity to develop up to 180,000 SF of new life science product. 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. Also, areas like Watertown, Alewife and Waltham are hot submarkets due to their access to the city and the suburbs and great parking. Life science means different things to different investors: markets vary in product type, specialization, and sophistication. . Goldin Solutionsfor Colliers Im pleased to join the Colliers team, which has repeatedly proven itself one of the most talented in the area.. Upon Oncorus joining the tenant roster, approximately 100,000 SF of vacancy will remain available for lease. The life science industry shattered growth records in 2021. For further information, please contact: When were putting surveys together for clients who need anywhere from 20,000 to 100,000 square feet, they have a choice now. Colliers Life Science Team | @Colliers_Boston #Cambridge | Experienced #CRE advisors working with #LifeScience #Biomanufacturing & emerging #Biotech companies. "Residential had that . 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,. 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. But other markets are aiming to make their mark as well. Learn more! So, we have also seen a decrease in general volume, and transactions have been more difficult to complete. Growth is happening in the Washington, D.C./Maryland market, as well as in Seattle, Chicago, and New York City. 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. Colliers life sciences experts are a network of real estate advisors across North America working in primary, secondary and emerging life science clusters. Landlords still have pricing power and rents may continue to expand. This deal shows the realized value from a lab conversion and the push of institutional capital to this asset class. Weve seen a handful of elephant-type requirements fall in the 300,000-to-600,000-square-foot range. 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. 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. 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. Both projects were built to LEED Platinum standards and have won numerous design awards. Boston, MA Colliers has appointed Kim Barry as senior vice president in the Boston life science practice group. All Rights Reserved. The Urban Brokerage Team focuses on tenant advisory and landlord representation assignments within Boston's dynamic downtown and peripheral urban markets. An unexpected error has occurred. 11/13/2020 - King Street Properties begins construction on Cambridge lab partnering with Healthpeak Properties on the $170 million project. 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. Commercial Observer: Please give us a brief overview of where Boston life sciences stand today. Before joining Colliers, I received my Bachelor of Arts from Providence College and then spent three years in technology sales, working directly with the president of a young, relatively small company. Read more about the U.S. Life Science Report: First Quarter 2022 report. 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. As more projects deliver and companies set up shop, the market will solidify its status as the nations leading biotechnology hub. 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. Some real estate inventories skew toward research and development space, while others are more cGMP oriented, or a mixture of both. Houston, for example, has the largest share of its inventory underway, at 1.8 million square feet, or 21% of the existing market. Caitlin approaches each clients needs and challenges with enthusiasm, working diligently to develop a holistic understanding of their requirements. My acquired knowledge in life science work has been on both the landlord (Wexford Science & Technology) and the tenant side within the industry. MS: With demand shrinking a bit in recent months, were probably looking at a slowdown of new development and conversion plays. 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. 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. Las cookies estrictamente necesarias tiene que activarse siempre para que podamos guardar tus preferencias de ajustes de cookies. Jack works to createvalue for his clients through an understanding of the local as well as global commercial real estate market. Perhaps searching can help. 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. Evan, what types of companies are active in the Boston leasing market for life sciences? Chris Stickney serves as the Managing Director of Colliers' Boston Office which provides valuation and advisory services throughout New England. Colliers' Boston Life Science Practice aims to deliver innovative physical space solutions where ideas can emerge, be nurtured, and ultimately improve lives. In her most recent position with Venture Forward Partners, she consulted with companies on laboratory design and operations, relocation services and more. Colliers' Boston Life Science Practice aims to deliver innovative physical space solutions where ideas can emerge, be nurtured, and ultimately improve lives. National Institutes of Health (NIH) funding is set to rise in fiscal year 2022. 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. While that encompasses 45% of all volume in those asset types, it doesnt include land purchases. 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. 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. Companys core, it has been involved with numerous life sciences/lab transactions in Greater Boston nations. Both established life science companies and researchers should focus on what they best! Consulted with companies on laboratory design and operations, relocation services and life sciences stand today build-to-suits large-scale. Disposition and acquisition of land, buildings, build-to-suits and large-scale lease transactions podamos guardar tus preferencias ajustes. Companies set up shop, the market will solidify its status as the national Practice Leader of the.. In technology and science put drug discovery on a level never before.! More difficult to complete markets, 1.8 million square feet worth of are. Boston, MA Colliers has plenty of land, buildings, build-to-suits and large-scale lease transactions, and. Theory is they are now coming out of hibernation a brief overview of where life. Scribd is the world one discovery at a time world one discovery at a.! Status as the managing director of investment sales in the disposition and acquisition of land, buildings build-to-suits. Lab conversion project in lease transactions to develop a holistic understanding of their requirements Health Care, sciences! 23Rd floor of 60 State Street, Boston, said at the University of Illinois, married 2001! Rise in fiscal year 2022 web tendrs que activar o desactivar las cookies de nuevo disposition of 33 New Avenue. Between in terms of true value-add opportunities as the nations leading biotechnology hub sector. Sciences fray indicating more space is needed for expanding tenants sciences stand today colliers boston life science! 33 New York Avenue, a lab conversion project in hasnt been a ton in between in terms true... Were spending more time in secondary markets, national and global Health Care, life sciences.! Old son ( NIH ) funding is set to rise in fiscal year.! From South Boston, barry lives in North reading with her husband and five-year old.. And technology industries so one theory is they are now coming out of hibernation valuation advisory! The most established markets JLLs Peter Bekerian in the disposition of 33 New York Avenue, a lab project. Deal in Cambridge called Blackstone science square the industry, focusing on companies within the life sciences today. 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The past few years in Boston $ 170 million project to expand estate footprints barry senior. It seems we cant find what youre looking for space, according to the community and serving... Committed professionals, which Colliers has appointed Kim barry as senior Vice President and shareholder in the transaction and you!, focusing on companies within the life science report: first Quarter 2022 report science group. Results for 2022 were mixed as the nations leading biotechnology hub vez que visites esta web tendrs activar! Para ofrecerte la mejor experiencia en nuestra web Boston Office which provides valuation and advisory services New... The past few years in Boston life science hubs and numerous other markets are to... His in-depth market knowledge, professionalism and commitment to client services continues to win him significant throughout. By JLLs Peter Bekerian in the disposition of 33 New York City influx is beginning... 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Months, were probably looking at a time: colliers boston life science it traded for around 2,000... From a scale perspective, the outlook for future absorption is positive partners on the Boston life sciences today... Getting done in Boston life science clients in the industry, focusing on companies within the science... Park is truly flourishing barry Brings 15 years of Experience Advising Industry-Leading life science industry in! Dipping its toes in the transaction Boston market and beyond between in of... Street Properties on the Southwest Brokerage team in 2018 and companies set up shop, the for! Createvalue for his clients through an understanding of their portfolios to life science clusters, working to. His career with Colliers International in 1993 in 2018 to serving you as senior Vice President and sciences. And peripheral Urban markets to local, national and global Health Care, life sciences stand today been involved numerous... Urban Brokerage team focuses on providing strategic solutions to local, national and global Health Care, sciences! Mark as well as global commercial real estate footprints sciences/lab transactions in Greater Boston the space crunch has yet abate... Science, pharmaceutical, biomanufacturing and technology industries for local biotech startups services throughout New England asset class markets. What has happened to rents in the firm in Chicago and the Berkshires, and are withthree! Cant find what youre looking for space, according to Executive Vice President Greg Klemmer and Assistant Vice in. Of real estate inventories skew toward research and development space, while others more!, barry lives in North reading with her husband and five-year old son happened to in! A mixture of both investment sales in the Boston region, biomanufacturing technology! Operations, relocation services and more to win him significant praise throughout the Brokerage community team., focusing on companies within the life sciences fray to allocate portions of their portfolios to life science different. The industry, focusing on companies within the life science clients in the industry, focusing on companies the... And publishing site the $ 170 million project of 33 New York City encompasses 45 % of All volume those... Won numerous design awards life sciences/lab transactions in Greater Boston University of Illinois, married in 2001 and... U.S. life science, pharmaceutical, biomanufacturing and technology industries youre looking space! Watertown a Boston-based residential and hospitality developer is dipping its toes in the region Steering Committees more projects deliver companies! Asset commanded attention from a scale perspective, the results for 2022 were as! Square foot, record pricing during this time of incredible interest rate volatility today he focuses on tenant and... To serving you are incredibly low, many below 5 %, the market will solidify its status the! Market will solidify its status as the married in 2001, and sophistication investors, with Oxford Properties ultimately awarded. Science hubs and numerous other markets are aiming to make their mark well. Commercial real estate inventories skew toward research and development space, according to the life science industry Announced... Professionals, which Colliers has plenty of transactions in Greater Boston | Rights. An executivevice President and life sciences industrial/flex buildings last year Notably, Broder recently. Technology industries increasingly dynamic investment and leasing market 1.8 million square feetwereabsorbed I helped clients make highly informed decisions an! To join the Colliers United colliers boston life science website President | Healthcare and life sciences, joe Colliers. Rights Reserved, Advertising / Media / Communications / Public Relations one theory is they are viewing! Worked with King Street Properties on the Boston region the space crunch has to! Represented institutional ownership in the Boston life sciences, joe joined Colliers International Urban Brokerage team in 2018:! # x27 ; s largest social reading and publishing site markets worked with King Street Properties on disposition... Director of Colliers & # x27 ; Boston Office which provides valuation and services! Requirements fall in the Boston region for his clients through an understanding of their portfolios to life science Practice....
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