Despite another slowdown in venture-capital funding in the second quarter, developers in the life-sciences space still feel largely confident about the lab real estate sector.

That is, in select hubs, submarkets and types of development.

Dan Belldegrun, co-founder and CEO of Breakthrough Properties LLC, said right now is a tougher moment for the biotech sector, but he’s still seeing plenty of space requirements and needs from, especially, Big Pharma.

Breakthrough, a joint venture of Tishman Speyer Properties LP and Bellco Capital LLC, earlier this year raised $3 billion in direct capital and co-investments for its life-sciences real estate development. The firm has nearly 5 million square feet of development in its pipeline, Belldegrun said, even amid greater economic uncertainty.

*Article courtesy of Philadelphia Business Journal 

For more information about Philadelphia medical space for sale or lease or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia medical commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.