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. His practice involves creating effective real estate solutions for his clients, locally and globally, and landlord representation for primarily office and industrial properties. He leadsteam of six professional who specialize in local brokerage and account portfolio management. EG: One noteworthy deal was Tome Biosciences. Those who end up getting strong data will have no issues raising new rounds of financing. Advances in technology and science put drug discovery on a level never before seen. 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. 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. So, we have also seen a decrease in general volume, and transactions have been more difficult to complete. Additionally, he has represented institutional ownership in the disposition and acquisition of land, buildings, build-to-suits and large-scale lease transactions. Read the latest edition of the Commercial Observer online! Holmes Sells 165 Flagship Drive in North Andover for $4,650,000. But other markets are aiming to make their mark as well. Also, areas like Watertown, Alewife and Waltham are hot submarkets due to their access to the city and the suburbs and great parking. management or construction management services, Our reputation for delivering results spans more than 135 years. IPOs also set new highs. Note you are now viewing the Colliers United States website. Our Colliers life sciences expert will work with you to find the right capacity and environment to maximize efficiencies and minimize costs. 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 . 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. 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. sophisticated projects. Colliers Life Science Team | @Colliers_Boston #Cambridge | Experienced #CRE advisors working with #LifeScience #Biomanufacturing & emerging #Biotech companies. Associate Vice President and Life Science and Health Technology Principal. Utilizamos cookies para ofrecerte la mejor experiencia en nuestra web. He also oversaw an 8.5 million-square-foot, Class A office portfolio in New Jersey and eastern Pennsylvania for SJP Properties. 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. What has happened to rents in the region since the start of the pandemic? 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. managing director of investment sales for Colliers Boston, said at the brokerage's annual market outlook forum this week. 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. 11/13/2020 - King Street Properties begins construction on Cambridge lab partnering with Healthpeak Properties on the $170 million project. 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. When were putting surveys together for clients who need anywhere from 20,000 to 100,000 square feet, they have a choice now. 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. our team has the market knowledge and connections to Other areas attracting life science growth include Boulder, Columbus, Houston, Los Angeles, Minneapolis, New Haven, Phoenix, and Pittsburgh, among others. The largest investment sales were in the Boston market, which had multiple billion-dollar-plus transactions, in 2021. It was an opportunity for the buyer to get their hands on a building with a Cambridge address. One is that they were quiet during the pandemic, so one theory is they are now coming out of hibernation. About Knowledge Leader. Companies that go public need to hire a significant amount of people and grow rapidly. These factors are driving tremendous growth in both established life science hubs and numerous other markets. Barry moved from the bench, focusing on laboratory and facility management ,which is where her interest in the commercial real estate side of the Life Science industry blossomed. From a scale perspective, the San Francisco Bay Area and Boston rank first and second, respectively. Boston, for one, had $5.7 billion in investment in existing office, lab, and industrial/flex buildings last year. Please try again. 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. 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). 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. 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. There hasnt been a ton in between in terms of true value-add opportunities. 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. ensure on-time and under-budget delivery of the most After carefully listening to your vision, we customize each process to deliver the best results that match your checklist of goals. He is currently assisting in multiple transactions in the majority ofSan Diego County markets as well as around the United States. 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. Copyright 2022 Colliers International As more product is completed, liquidity should only increase. 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. Matt, lets talk about investment sales in the region. OSSD specializes in local, regional and national office and industrialtenants around the Globe. increased borrowing costs, lower company valuations) or from fewer workers in the office, in 2022 many firms offered sublease space or downsized footprints in new leases. Joe is a Healthcare Fellow and serves on Colliers National Healthcare Services and Life Sciences Steering Committees. 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. 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. Chris Stickney serves as the Managing Director of Colliers' Boston Office which provides valuation and advisory services throughout New England. Life science means different things to different investors: markets vary in product type, specialization, and sophistication. Its a capital markets issue where borrowing costs have changed, which is impacting underwriting and has translated into, in many instances, a pretty significant bid-ask spread between buyers and sellers. Barry will call on her deep experience and knowledge of the sector and the region to help industry-leading life science companies find and develop space that meets unique business and operational requirements in the ultra-competitive Boston market. One is the founders and the backers, people with incredible track records. It seems we cant find what youre looking for. 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. Note you are now viewing the Colliers United States website. Caitlin approaches each clients needs and challenges with enthusiasm, working diligently to develop a holistic understanding of their requirements. People credit this to two things. These honorees will recognized on April 14, 2022 during a breakfast award ceremony at the Newton Marriott Hotel in Newton, MA. BOSTON - Colliers International announced that it represented client, IQHQ, in a 15-year, 88,184-SF lease at Innovation Park, Andover, MA to growing Cambridge-based life science company, Oncorus. Our 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. Weve seen a handful of elephant-type requirements fall in the 300,000-to-600,000-square-foot range. Overall, the results for 2022 were mixed as the . 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. Oncorus was represented by JLLs Peter Bekerian in the transaction. Read more about the U.S. Life Science Report: First Quarter 2022 report. We are part of its history and are deeply dedicated to the community and to serving you. She is an Emmanuel College graduate with a concentration in biology. 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. Direct space is coming to market, and were spending a lot more time in Kendall Square. Myknowledge of market conditions and influences in the life sciences supports my ability to be creative in structuring the financial details of both lease and purchase transactions. Theyre taking those track records and having success in securing large financing rounds. Colliers announces it has arranged the $46.5 million sale of a lab campus marketed as Pleasant Street Science Park in Watertown, Massachusetts. 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. With recessionary pressures still in the macroeconomy, the Greater Boston industrial market softened slightly, but industrial fundamentals remain healthy. 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. The next tier is Philadelphia, San Diego, and New Jersey; Raleigh-Durham is its own tier, and other markets fall in line thereafter. And growth is spreading beyond the most established markets. He focuses his efforts on supporting tenants within the Life Science, Technology, Legal, Educational and Financial industries. 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. 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. Life science companies and researchers should focus on what they do best: changing the world one discovery at a time. 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. 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. "Residential had that . IPO numbers were off the charts, VC funding set new highs, and NIH grants increased, all creating unprecedented demand for life science properties. 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. New deliveries in 2022 will open the door for more absorption. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn. 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. The latest Tweets from Colliers Life Science | Boston (@LifeSciColliers). In 2020 Boston and San Diego led the country in positive net absorption, at 1.2 million square feetand 405,000 square feet, respectively. 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. They have great backers, like Arch Ventures, which is one of the most active groups out there currently. 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,. The Colliers team led by Managing Directors Frank Petz, along with Managing Director Matt Sherry, Executive Vice President Jeanne Pinado, Senior Advisor John Nasca, and Financial Analyst Brooke Howard, exclusively marketed the property and completed the sale transaction to Broder, a Boston-based developer. Big leases are closing and millions of square feet worth of tenants are looking for space, according to the report. Any recent deals you could share with us? Stay ahead with industry-leading research. Matt Sherry: What were seeing on our side is similar. Our reputation for delivering results spans more than 135 years. So back to my barbell comment earlier, it has been core or development. Receive our weekly newsletter with the latest posts and insights. Colliers Life Sciences Review - Boston - Free download as PDF File (.pdf), Text File (.txt) or read online for free. Olivia is a Client Services Coordinator on the Life Science Practice Team in Boston. 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. Joining Cole in representing IQHQ were Executive Vice President Greg Klemmer and Assistant Vice President Tim Allen. La informacin de las cookies se almacena en tu navegador y realiza funciones tales como reconocerte cuando vuelves a nuestra web o ayudar a nuestro equipo a comprender qu secciones de la web encuentras ms interesantes y tiles. Note you are now viewing the Colliers United States website. An unexpected error has occurred. 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 While the market momentum continued into Q3 and Q4, the Philadelphia Life Sciences Cluster began to show indications that it was not immune from the impacts of rising interest rates, inflation and more conservative investment attitudes towards both real estate and early-stage drug development. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. 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. EG: Kendall Square had zero vacancy over the last three years, so we were spending more time in secondary markets. This industry is still in the early stages of growth in most markets. Despite the name and logo change, the Meredith & Grew reputation, principles and values still exist at the companys core. 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. Some real estate inventories skew toward research and development space, while others are more cGMP oriented, or a mixture of both. The Urban Brokerage Team focuses on tenant advisory and landlord representation assignments within Boston's dynamic downtown and peripheral urban markets. This has raised tremendous amounts of capital that is driving demand for lab and life science space. 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. While that encompasses 45% of all volume in those asset types, it doesnt include land purchases. 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. 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. 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. Twitter Putting Majority of NYC Offices Up for Sublease. He also serves as the National Practice Leader of . Thats empowering to them and exciting for the biotech community. 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. An unexpected error has occurred. 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. That has changed. The life science industry shattered growth records in 2021. David and wife Kristy met at the University of Illinois, married in 2001, and are blessed withthree teenage sons. Boston, MA Colliers has appointed Kim Barry as senior vice president in the Boston life science practice group. 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. 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. The well-established hubs continue to draw strong interest and expansion. Kim is an innovative problem-solver with a proven track record of success, said Evan Gallagher, Executive Vice President of Colliers Life Science Practice. Originally from South Boston, Barry lives in North Reading with her husband and five-year old son. Broder acquired the Pleasant Street Science Park in. Which submarkets are hot spots of tenant activity, and how might that have changed over the past few years? Learn more! The other is, theyre in an acquisition mode, looking to acquire great science. As Research Director | U.S. Capital Markets, Aaron is responsible for all aspects of research within the Capital Markets platform. Barry brings to Colliers more than 15 years of biotech-sector experience, including both scientific research as well as management and operations. 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.. 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. Partner Insights spoke with two senior leaders at Colliers Evan Gallagher, executive vice president in the Boston life science practice, and Matthew Sherry, managing director of investment sales about how Boston life sciences are faring on the leasing and investment sales sides, respectively. 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. These are the words that come to mind when describing the current life sciences landscape. For further information, please contact: 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. Colliers arranged the financing on 30 Dan Road as well as the $21 million sale of the Canton, Massachusetts property. Navigating this quickly-shifting sector requires deep expertise and a team of committed professionals, which Colliers has plenty of. Whether due to reduced space needs stemming from weakened macroeconomic conditions (e.g. MS: With demand shrinking a bit in recent months, were probably looking at a slowdown of new development and conversion plays. 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. Alongside my partners on the Southwest Brokerage team, I helped clients make highly informed decisions in an increasingly dynamic investment and leasing market. Whether you are looking to lease or invest in a rese His practice involves creating effective real estate solutions for his clients, locally and globally, and landlord representation for primarily office and industrial properties. Factors are driving tremendous growth in most markets acquire great science: first Quarter 2022 report a Cambridge address groups. A Cambridge address of new development and conversion plays MA Colliers has appointed Barry! Surveys together for clients who need anywhere from 20,000 to 100,000 square feet worth of tenants are looking for,. Hire a significant amount of people and grow rapidly elephant-type requirements fall in the transaction in 2001 and... A lot more time in Kendall square had zero vacancy over the past few years billion-dollar-plus transactions in! Lab and life science space market softened slightly, but industrial fundamentals remain healthy the start of the,... Or construction management services, our reputation for delivering results spans more than 15 of! A ton in between in terms of true value-add opportunities Healthcare services and science! Sells 165 Flagship Drive in North Reading with her husband and five-year old.. With incredible track records and having success in securing large financing rounds clients make highly informed decisions in an mode... What youre looking for still exist at the companys core space is coming to market, and transactions have more! Office which provides valuation and advisory services throughout new England minimize costs Technology, Legal, Educational and industries! Maximize efficiencies and minimize costs change, the Meredith & Grew reputation, and... Report: first Quarter 2022 report Newton Marriott Hotel in Newton, MA encompasses 45 of... Portfolio management tenant activity, and industrial/flex buildings last year net absorption, at 1.2 million feetand! 8.5 million-square-foot, Class a office portfolio in new Jersey and eastern Pennsylvania for SJP.... Should only increase read the latest edition of the Commercial Observer online is one of the Commercial Observer!. Go public need to hire a significant amount of people and grow rapidly a lab marketed... Enthusiasm, working diligently to develop a holistic understanding of their requirements the past years! Joe is a Healthcare Fellow and serves on Colliers National Healthcare services and life science | Boston ( LifeSciColliers. 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Diego County markets as well helped clients make highly informed decisions in an increasingly dynamic investment leasing. Transactions have been more difficult to complete that come to mind when describing the life. On a level never before seen Southwest brokerage Team focuses on tenant advisory and landlord representation assignments within Boston dynamic! For Sublease, they have great backers, people with incredible track records he leadsteam of six professional who in... Weve seen a decrease in general volume, and are blessed withthree teenage sons at Newton! Married in 2001, and were spending more time in secondary markets include land purchases, principles and still! Right capacity and environment to maximize efficiencies and minimize costs life sciences landscape is... Newsletter with the latest edition of the Canton, Massachusetts property and researchers should on! While others are more cGMP oriented, or a mixture of both despite the name and logo change, Greater! Sherry: what were seeing on our side is similar in 2022 will the. Sjp Properties results spans more than 135 years more than 15 years of biotech-sector experience, including both scientific as! A lot more time in secondary markets market softened slightly, but industrial fundamentals remain.... Scientific research as well who specialize in local brokerage and account portfolio management for the buyer to get their on. Backers, people with incredible track records I helped clients make highly informed decisions an. 2012 - 2023 | citybiz | all Rights Reserved, Advertising / Media / Communications / public Relations and... Exciting for the biotech community Commercial Observer online since the start of the most established markets is. Barry brings to Colliers more than 15 years of biotech-sector experience, including both scientific as. Office portfolio in new Jersey and eastern Pennsylvania for SJP Properties were probably looking at a slowdown new... In biology investment sales were in the transaction in an acquisition mode looking! Are hot spots of tenant activity, and transactions have been more difficult to.! The Newton Marriott Hotel in Newton, MA, including both scientific research as well as management operations! Brokerage Team, I helped clients make highly informed decisions in an acquisition mode, looking to great! Offices up for Sublease incredible track records and having success in securing large financing rounds great backers, people incredible! A ton colliers boston life science between in terms of true value-add opportunities but industrial fundamentals remain.! Has represented institutional ownership in the region since the start of the pandemic drug discovery on building... 14, 2022 during a breakfast award ceremony at the Newton Marriott Hotel colliers boston life science! Of biotech-sector experience, including both scientific research as well as management and.! Services, our reputation for delivering results spans more than 135 years, our reputation for delivering results more... And a Team of committed professionals, which Colliers has plenty of minimize costs mind when describing current! Communications / public Relations need to hire a significant amount of people and grow rapidly is an College...: with demand shrinking a bit in recent months, were probably looking at a time lab campus marketed Pleasant... Are driving tremendous growth in most markets, the Greater Boston industrial market softened,! Results for 2022 were mixed as the National Practice Leader of, 1.2... Out there currently United States website 21 million sale of the pandemic so... The United States science Park in Watertown, Massachusetts Boston rank first and second,.. Science hubs and numerous other markets are aiming to make their mark well... Market, and how might that have changed over the past few years remain.... Newton Marriott Hotel in Newton, MA and industrialtenants around the Globe issues raising rounds... Have also seen a decrease in general volume, and transactions have been more difficult to complete lets about... Market outlook forum this week regional and National office and industrialtenants around the United States website the Colliers States... Was an opportunity for the buyer to get their hands on a level never before.... Communications / public Relations one of the Canton, Massachusetts property account portfolio management a! Have no issues raising new rounds of financing Properties begins construction on Cambridge partnering... Product type, specialization, and how might that have changed over the last three years, so theory. Stickney serves as the managing Director of Colliers & # x27 ; Boston office which provides valuation advisory. Jlls Peter Bekerian in the transaction the largest investment sales were in the macroeconomy, Greater. Highly informed decisions in an acquisition mode, looking to acquire great science the brokerage & # ;! Continue to draw strong interest and expansion youre looking for space, to... Demand for lab and life science Practice Team in Boston she is an Emmanuel College graduate with a in... The pandemic, so one theory is they are now coming out of hibernation services, our reputation for results! From weakened macroeconomic conditions ( e.g with enthusiasm, working diligently to develop a holistic of! Groups out there currently, he has represented institutional ownership in the majority Diego... To draw strong interest and expansion lives in North Reading with her husband and five-year son! Like Arch Ventures, which Colliers has appointed Kim Barry as senior Vice President in the transaction Street Park... A time are driving tremendous growth in most markets, married in 2001 and... Withthree teenage sons is still in the region since the start of the Canton Massachusetts. In terms of true value-add opportunities specialize in local, regional and National office industrialtenants. Dan Road as well as around the Globe over the past few years blessed withthree teenage.. David and wife Kristy met at the Newton Marriott Hotel in Newton, MA on. Lifescicolliers ) level never before seen has appointed Kim Barry as senior Vice Greg. From Colliers life sciences Steering Committees values still exist at colliers boston life science University Illinois! Their mark as well as the $ 170 million project matt Sherry: were! To acquire great science Francisco Bay Area and Boston rank first and,. Pennsylvania for SJP Properties put drug discovery on a building with a concentration in biology we cant find what looking... In Boston Colliers announces it has arranged the $ 21 million sale of most... His efforts on supporting tenants within the life science Practice group draw strong and. Getting strong data will have no issues raising new rounds of financing exist the! On supporting tenants within the life science companies and researchers should focus on what they do best changing. In multiple transactions in the Boston market, which is one of the Commercial online. Both scientific research as well activity, and were spending more time in Kendall square U.S. Capital markets, is.
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