Posts Categorized: Philadelphia Life Sciences Lab Space

Why cities should embrace life sciences as an economic driver

Philly Life Sciences - University City

Several weeks ago, the Boston Business Journal wrote a story about the amount of available and soon-to-be-available office space in that city. A few weeks before. the publication wrote a story about how building owners are looking to convert office space to lab space because demand is unprecedented. These two stories, along with the news that more big… Read more »

Spark Therapeutics To Build $575M Manufacturing Facility In University City

One of Philadelphia’s leading gene therapy companies is setting out to build what could be by far the most prominent biomanufacturing facility in the city to date. Spark Therapeutics will build a $575M gene therapy manufacturing facility on what is now a parking lot owned by Drexel University at 30th and Chestnut streets, the company announced Friday. Spark has agreed to… Read more »

Spark Therapeutics To Build $575 Million Gene Therapy Center on Drexel’s University City Campus

Philly Life Sciences - University City

Spark Therapeutics plans to invest $575 million to build a new gene therapy innovation center on Drexel University’s campus in Philadelphia’s University City neighborhood. Through a 99-year ground lease of Drexel University’s F Lot, the new gene therapy center will be located at the intersection of 30th and Chestnut streets. The 500,000-square-foot, multistory facility is… Read more »

Gattuso Development Begins Construction on New Life Science Facility at Philadelphia’s Navy Yard

Gattuso Development Partners has started construction on a flex production facility in Philadelphia’s Navy Yard as it responds to the skyrocketing demand for life science development, particularly for cell and gene therapy research and manufacturing space. Located at 2500 League Island Blvd., the 130,000-square-foot facility is set to feature 30-foot clear heights,14 loading bays and 360… Read more »

Life Sciences Pennsylvania moving headquarters to King of Prussia

After more than a decade in Wayne, Life Sciences Pennsylvania is moving its headquarters to Discovery Labs in King of Prussia. Chris Molineaux, the CEO of the life sciences industry trade group, said the move is being made in part to accommodate the organization’s growing membership, which now includes more than 860 pharmaceutical, biotechnology, medical… Read more »

Gattuso Development Partners lines up financing for new Navy Yard building

Philly Life Sciences - University City

Gattuso Development Partners has secured construction financing to begin the development of a $50 million-plus, 130,000-square-foot life sciences manufacturing facility at the Philadelphia Navy Yard. The funding for 2500 League Island Blvd. was provided by Citizens Bank as well as Boston-based investment firm Baupost Group, which is Gattuso Development’s financial partner. This is the first… Read more »

Boston firm backed by DRA Advisors enters Philadelphia’s life sciences scene with $43M purchase

A Boston real estate company backed by DRA Advisors was behind the purchase of five buildings at the Oaklands Corporate Center in Exton with an eye toward making an entrée into Philadelphia’s life sciences scene.  Griffith Properties Inc., which focuses on life sciences conversions, bought the buildings off Creamery Way totaling 260,691 square feet for $43 million…. Read more »