Posts Categorized: Philadelphia Life Sciences Lab Space

California biotech company Exelixis to set up major hub in Philadelphia area

Exelixis Inc., an Alameda, California, biotechnology company, is establishing a major hub in the Philadelphia area that involves eventually developing a 175,000- to 200,000-square-foot building and hiring several hundred new employees.  Referred to as Exelixis East by the company, Exelixis has a temporary base in 23,000 square feet at 640 Freedom Business Center Drive in… Read more »

Science Center sells building in uCity Square for $45M

Philly Life Sciences - University City

A partnership involving the University City Science Center has sold 3440 Market St., a 118,000-square-foot building in the University City neighborhood of Philadelphia, for $45 million. Ventas Inc., a Chicago real estate investment trust that is partnering with Wexford Science & Technology and the Science Center on the development of uCity Square, bought 3440 Market…. Read more »

Developer of former Budd Co. site pays $15M for neighboring building

Spark Therapeutics University City Philadelphia

The owner of the sprawling former Budd Co. property in Philadelphia has paid roughly $15 million for 2450 W. Hunting Park Ave., a 275,000-square-foot building, and will fold it into the life sciences campus it is developing at the site.  Plymouth Group bought what has been used as an administrative services building by Temple University…. Read more »

Drexel, Gattuso Development Partners to build $400M life sciences project

A venture that involves Gattuso Development Partners and Drexel University plans to build a $400 million, 500,000-square-foot life sciences research and lab building on the school’s campus in University City. The 11-story project will be developed at 3201 Cuthbert St., which is currently a recreation field used by Drexel and located next to the Armory…. Read more »

Gwynedd Mercy University sells 150 acres to Boston firm for $31.5M

Gwynedd Mercy University has sold 150 acres for $31.5 million to Beacon Capital Partners, a Boston real estate investment firm that intends to use the property to expand its life sciences footprint in the Philadelphia suburbs.  Beacon already has a presence roughly two miles down the road from the university at Spring House Innovation Park,… Read more »

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 »