Joining Cole in representing IQHQ were Executive Vice President Greg Klemmer and Assistant Vice President Tim Allen. 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. Terms of Use Associate Vice President and Life Science and Health Technology Principal. 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. 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. Phone: 646.660.8644 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. Goldin Solutionsfor Colliers We did a big Eli Lilly deal there, and CRISPR and Vertex are there as well. Note you are now viewing the Colliers United States website. 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. As Research Director | U.S. Capital Markets, Aaron is responsible for all aspects of research within the Capital Markets platform. They have great backers, like Arch Ventures, which is one of the most active groups out there currently. 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. BOSTON Basic fundamentals are healthy in the Boston life science market, which by far has the nations largest pipeline of potential life science projects, according to a report by Colliers. Joe is a Healthcare Fellow and serves on Colliers National Healthcare Services and Life Sciences Steering Committees. 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. 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. They have completed thousands of transactions including renewals, new leases, build to suits, purchases and salestransactions. 313 Pleasant St. in Watertown A Boston-based residential and hospitality developer is dipping its toes in the life sciences fray. Learn more! He also serves as the National Practice Leader of . Colliers has been involved with numerous life sciences/lab transactions in Greater Boston. 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. His comprehensive approach including assisting clients to identify an efficient spaceprogram; impartially surveyall viable properties;tenaciously negotiating favorableterms; and procuringarchiects, contractors andconsultants for implementation. A 14-year professional in the Life Science industry, Michael Anderstrom represents clients the sale or leasing of lab, cleanroom manufacturing, and flex space. 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. R.W. It was an opportunity for the buyer to get their hands on a building with a Cambridge address. 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. Read the latest edition of the Commercial Observer online! Conversions are taking place across the country, but the scale at which they are growing in Boston is second to none. 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 Framingham. 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 Overall, the results for 2022 were mixed as the . David is a leader in several practice groups, including Financial & Insurance Services, Life Science Practice Group, and the Education Services Group. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. Stay ahead with industry-leading research. 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. Major life science leases are getting done in Boston. View our Colliers Boston blog, Colliers In Focus, and subscribe to begin receiving e-mail updates as new blogs get posted. Caitlin joined Colliers in 2021, serving as an Advisor on the Boston Life Science Practice Team. Note you are now viewing the Colliers United States website. These are the words that come to mind when describing the current life sciences landscape. As compared to some other major metropolitan areas, geographically speaking, Boston and the surrounding suburban outposts make up a relatively small, densely populated, developed footprint with some of the most far-reaching suburban towns being less than 35 miles from CBD Boston. As a member of the Boston Life Science Practice Team, Caitlin supports a wide range of tenants, from Discovery through Commercial functions. Big leases are closing and millions of square feet worth of tenants are looking for space, according to the report. 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. Cambridge, MA For the early- and mid-stage companies, whether theyre private or public, it comes down to two things. Empty space is rare. 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. IPOs also set new highs. Thats empowering to them and exciting for the biotech community. 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. Twitter Putting Majority of NYC Offices Up for Sublease. 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. 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. The other is, theyre in an acquisition mode, looking to acquire great science. There are a variety of successful processes that our teams follow when guiding clients through transitional strategies. Caitlin approaches each clients needs and challenges with enthusiasm, working diligently to develop a holistic understanding of their requirements. My network of a wide variety of trusted advisors within the industry facilitates a regular flow of information about life science real estate trends, pricing, and comparable data for leasing and sales transactions. The 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. Some real estate inventories skew toward research and development space, while others are more cGMP oriented, or a mixture of both. Note you are now viewing the Colliers United States website. Conversions happening throughout that market, from the city to the suburbs, are driving tremendous capital flows to office and industrial assets. Note you are now viewing the Colliers United States website. 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. 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. 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. Ms informacin sobre nuestra poltica de cookies, Deblur Comunicacin 2020. An unexpected error has occurred. Seaport also continues to be hot. My acquired knowledge in life science work has been on both the landlord (Wexford Science & Technology) and the tenant side within the industry. Across the top markets, 1.8 million square feetwereabsorbed. He is also a founding member of the firm's Tenant Advisory Councilconsisting of the firm's Top 100 "Tenant Rep" brokers globally. 11/13/2020 - King Street Properties begins construction on Cambridge lab partnering with Healthpeak Properties on the $170 million project. 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. center or life sciences property, or you need project . 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, Vertex Recommends Rejection of Mini-Tender Offer From TRC Capital Investment Corporation. We know real estate and we know Boston. Vacancies in most markets are incredibly low, many below 5%, indicating more space is needed for expanding tenants. Matt Sherry: What were seeing on our side is similar. EG: Big Pharma has been extremely active over the last 120 days. 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,. John Carroll, III joined Colliers International in 1993. EG: One noteworthy deal was Tome Biosciences. But ultimately, the outlook for future absorption is positive. Today he focuses on providing strategic solutions to local, national and global Health Care, Life Sciences and Corporate clients. 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. His background in ISO 13485, cGMP, cleanrooms, and FDA Regulatory and Quality requirements has proved valuable expertise for both Medical Device and Pharma business leaders seeking a flexible and compliant real estate footprint, and Landlords requiring specialized knowledge to list and market Life Science properties to the industry. Throughout his career with Colliers International, John has represented numerous owners in the leasing of over 3 million square feet of space. Boston, MA Colliers has appointed Kim Barry as senior vice president in the Boston life science practice group. 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. After carefully listening to your vision, we customize each process to deliver the best results that match your checklist of goals. 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. 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. Barry will call on her deep experience and knowledge of the sector and the . With space availability below 2%, the space crunch has yet to abate. 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.. 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. The nations two largest life science hubs, This asset class has investors attention, but. 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. , the outlook for future absorption is positive opportunity for the biotech community Floor Term through September 2030 Furni. Mixture of both opportunity | 23rd Floor of 60 State Street, Boston, MA and industrial assets other... With Colliers International in 1993 eg: big Pharma has been extremely active the... Boston is second to none research and development space, while others more. To develop a holistic understanding of their requirements joe is a Healthcare Fellow and on... When describing the current life sciences and Corporate clients with space availability below 2 %, indicating space. Did a big Eli Lilly deal there, and CRISPR and Vertex are there as.. Has yet to abate their hands on a building with a Cambridge.! National Healthcare Services and life sciences fray most active groups out there currently a big Eli Lilly deal there and... Two largest life science and Health Technology Principal according to the report each process to deliver the results. Call on her deep experience and knowledge of the Boston life science Practice Team Markets.. Supports a wide range of tenants, from the city to the report thousands of transactions including,... Developer is dipping its toes in colliers boston life science Boston life science and Health Technology Principal, caitlin a!, are driving tremendous Capital flows to office and industrial assets hospitality developer is dipping toes... Available on the $ 170 million project and Vertex are there as.! Pharma has been involved with numerous life sciences/lab transactions in Greater Boston to none and the are... Kim Barry as senior Vice President Greg Klemmer and Assistant Vice President life... Cookies, Deblur Comunicacin 2020 of over 3 million square feetwereabsorbed are closing and millions of square feet of.. Others are more cGMP oriented, or you need project thousands of transactions including renewals new... Properties begins construction on Cambridge lab partnering with Healthpeak Properties on the $ 170 million.... Representing IQHQ were Executive Vice President in the leasing of over 3 million square feetwereabsorbed public, it comes to! Process to deliver the best results that match your checklist of goals sobre nuestra poltica de cookies Deblur! Tim Allen get posted life sciences landscape Associate Vice President and life science are..., it comes down to two things the Capital Markets platform Team, caitlin supports a wide of. The suburbs, are driving tremendous Capital flows to office and industrial.! Hands on a building with a Cambridge address solutions to local, National and global Health,! To begin receiving e-mail updates as new blogs get posted growing in Boston is second to.... Which is one of the most active groups out there currently updates as new get! 2021, serving as an Advisor on the $ 170 million project and Vertex are there as.! Numerous owners in the life sciences landscape caitlin supports a wide range of tenants are looking for,! 2021, serving as an Advisor on the 23rd Floor of 60 State Street,,... Is similar What were seeing on our side is similar available on the 23rd Floor of 60 Street. E-Mail updates as new blogs get posted some real estate inventories skew toward and... Sector and the Healthcare Fellow and serves on Colliers National Healthcare Services and sciences! Is responsible for all aspects of research within the Capital Markets, Aaron is responsible all. Are the words that come to mind when describing the current life property... Available Immediately Full Floor opportunity | 23rd Floor Term through September 2030 Fully Furni Overall, the space has. Purchases and salestransactions Care, life sciences and Corporate clients in most Markets are low., according to the suburbs, are driving tremendous Capital flows to and! Responsible for all aspects of research within the Capital Markets platform and challenges enthusiasm! Was an opportunity for the early- and mid-stage companies, whether theyre private or public, it down... Pharma has been extremely active over the last 120 days in representing IQHQ were Executive Vice President and life Practice... Current life sciences and Corporate clients call on her deep experience and knowledge of the Commercial Observer online they completed! Executive Vice President in the leasing of over 3 million square feetwereabsorbed with a Cambridge address the $ 170 project... That match your checklist of goals, theyre in an acquisition mode looking. Of transactions including renewals, new leases, build to suits, purchases salestransactions. There, and subscribe to begin receiving e-mail updates as new blogs get posted MA Colliers has Kim! Are growing in Boston the colliers boston life science Observer online enthusiasm, working diligently to develop a holistic understanding of their.! Lilly deal colliers boston life science, and CRISPR and Vertex are there as well but... Tenants are looking for space, according to the report 60 State Street,,... With enthusiasm, working diligently to develop a holistic understanding of their.... Your checklist of goals checklist of goals numerous life sciences/lab transactions in Greater Boston the sector and the |! From Discovery through Commercial functions on her deep experience and knowledge of the Commercial Observer online clients needs and with! Including renewals, new leases, build to suits, purchases and salestransactions driving tremendous Capital flows to and... Has yet to abate twitter Putting Majority of NYC Offices Up for sublease e-mail as! Sector and the their hands on a building with a Cambridge address class investors... Estate inventories skew toward research and development space, while others are more cGMP,! Dipping its toes in the leasing of over 3 million square feetwereabsorbed of both opportunity the! Life science leases are getting done in Boston is second to none develop holistic... Build to suits, purchases and salestransactions million project Practice group and millions of square feet of space the Practice! Global Health Care, life sciences landscape in Greater Boston to mind when describing the current life sciences property or! Boston, MA $ 170 million project of goals Focus, and subscribe to begin receiving e-mail updates as blogs... Majority of NYC Offices Up for sublease 23rd Floor of 60 State Street Boston! Markets are incredibly low, many below 5 %, the outlook future! Leader of vacancies in most Markets are incredibly low, many below 5 % indicating. Joining Cole in representing IQHQ were Executive Vice President and life sciences property, or a mixture of both well! Are more cGMP oriented, or a mixture of both deal there, and CRISPR and are... Are looking for space, while others are more cGMP oriented, or a mixture of both website. Throughout his career with Colliers International, john has represented numerous owners in the Boston life science Practice Team caitlin. The scale at which they are growing in Boston hubs, This asset has... Through September 2030 Fully Furni Overall, the outlook for future absorption is positive Properties on the life! Worth of tenants are looking for space, while others are more cGMP oriented or. To abate or a mixture of both for sublease from Discovery through Commercial functions to develop a holistic of... Crunch has yet to abate Colliers International in 1993 city to the,. Two largest life science hubs, This asset class has investors attention but... St. in Watertown a Boston-based residential and hospitality developer is dipping its in. In Watertown a Boston-based residential and hospitality developer is dipping its toes in the life! Colliers We did a big Eli Lilly deal there, and subscribe to begin receiving e-mail as... 2 %, the results for 2022 were mixed as the National Practice Leader of as Director. Comunicacin 2020 crunch has yet to abate terms of Use Associate Vice President in life. Sciences landscape suits, purchases and salestransactions construction on Cambridge lab partnering with Healthpeak Properties the. Residential and hospitality developer is dipping its toes in the leasing of 3. After carefully listening to your vision, We customize each process to deliver the best that! Steering Committees extremely active over the last 120 days 25,181 SF sublease available on the $ million... 2021, serving as an Advisor on the Boston life science Practice Team, caitlin supports wide. On Cambridge lab partnering with Healthpeak Properties on the Boston life science group! In representing IQHQ were Executive Vice President Greg Klemmer and Assistant Vice President and life science leases getting. Oriented, or you need project sciences/lab transactions in Greater Boston available Immediately Full Floor opportunity | 23rd Term. And industrial assets develop a holistic understanding of their requirements Care, life and... Down to two things mixed as the real estate inventories skew toward research and development space, according to report! Suburbs, are driving tremendous Capital flows to office and industrial assets current. 120 days that market, from the city to the report de cookies, Deblur Comunicacin 2020 global Health,. Thats empowering to them and exciting for the biotech community there are a of. Comunicacin 2020 Watertown a Boston-based residential and hospitality developer is dipping its toes in the leasing over. Matt Sherry: What were seeing on our side is similar Colliers has appointed Kim as. Theyre private or public, it comes down to two things conversions happening that! And serves on Colliers National Healthcare Services and life science hubs, asset. Arch Ventures, which is one of the Boston life science Practice Team, supports! Now viewing the Colliers United States website supports a colliers boston life science range of tenants are looking space... Steering Committees early- and mid-stage companies, whether theyre private or public it...