Four tenants including Merck & Co. signed deals totaling 117,000 square feet at Spring House Innovation Park in Lower Gwynedd, contributing to an abundance of life sciences leasing that has occurred across the region so far this year. Leases totaling more than 500,000 square feet were signed in Philadelphia and its suburbs during the first… Read more »
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,… Read more »
SmartLabs, an operator of life sciences labs, vivarium and manufacturing spaces, has leased two floors totaling 117,000 square feet at a proposed new building in University City. Philadelphia will serve as the third city SmartLabs will have a presence, underscoring the strength of the city’s burgeoning life sciences scene. SmartLabs maintains a presence in Boston… Read more »
BioLabs, an incubator for life sciences companies, is expanding its presence in Center City Philadelphia by leasing additional space at Keystone Development + Investment’s mixed-use property The Curtis. Currently occupying 23,378 square feet at the 912,245-square-foot mixed-use property, BioLabs will expand by 30,151 square feet, totaling 53,529 square feet at the property. BioLabs’ new lease will… Read more »
Century Therapeutics Inc. has expanded the amount of space it will occupy at One uCity Square to 90,000 square feet. The fast-growing company initially signed in 2020 to take a single floor totaling 32,500 square feet in the building in the University City neighborhood of Philadelphia. Century will now occupy space across the top three floors of… Read more »
While most passersby see only a weedy and thrash-strewn vacant lot, where some people have abandoned cars and others park still functioning ones, Tia Lyles-Williams sees an opportunity for something big in Southwest Philadelphia. “My vision is to create a life sciences park with drug manufacturing, workforce development opportunities and affordable housing,” said Lyles-Williams, the founder and… Read more »
BioInnovation Labs, an incubator of life sciences companies, is expanding by 30,151 square feet at the Curtis, bringing the total amount of space it occupies in the Center City building to 53,529 square feet. Referred to as BioLabs, the company will expand onto the eighth floor of the 12-story building at 601 Walnut St. The… Read more »
The University of Pennsylvania has teamed up with Longfellow Real Estate Partners on a $365 million, 455,000-square-foot life sciences and biomanufacturing building at Pennovation Works. The proposed project at 34th Street and Grays Ferry Avenue is designed with 387,000 square feet of research and lab space that will be in two structures connected by 65,000… Read more »
University City Science Center Board Chairman Mike DiPiano draws a parallel between his organization and Motown. Before the storied music label could start pumping out chart-topping hits, founder Berry Gordy had to build out a physical space to house offices and recording studios. Since its founding in 1963, the Science Center has worked to establish a similar… Read more »
One of the Philadelphia region’s oldest biotechnology companies is doubling its footprint, and its workforce, in the city. Integral Molecular began construction this week on its new 50,000-square scientific and operational headquarters at One uCity Square that will allow the company to expand to 200 employees over the next few years. Founded in 2001, Integral… Read more »
