Life Sciences
Real Estate
The representation of landlords, tenants and investors in life sciences transactions calls for specialized experience in light of the peculiar issues associated with start up, heavy up front investment, integrity of laboratory space, environmental matters, security, decommissioning, and related concerns. We are expert in all of these areas. Selected transactions include:
- Representing a large pharmaceutical company in its real estate transactions when it shifted its major research headquarters from Europe to the United States, where it created 1,500,000 s.f. of laboratory space. We counseled the company on leasing, acquisitions, operating permits for its scientific operations, architects and construction contracts, and complex environmental issues.
- Handling significant asset acquisitions and asset management services for a publicly traded REIT specializing in life science facilities. We have recently handled numerous real estate asset acquisitions for the client including the acquisition of the 1,200,000 s.f. Technology Square life sciences facility and Life Science Square, both in Cambridge, Massachusetts. Currently, we are representing a joint venture formed by the company to develop a major life sciences facility in the Longwood Medical Area of Boston, Massachusetts. In addition, we represent the client in the development of a planned new 1.5 million square foot life sciences campus in Cambridge, Massachusetts.
In addition, we have closed multiple acquisitions and sale leaseback transactions for life science facilities in several Canadian provinces. We are currently representing the client in the development of a new 750,000 s.f. international science facility which will expand the MaRS Centre located in the biomedical corridor in the Discovery District of Toronto.
- Counseling numerous life sciences companies in their leasing of laboratory space representing millions of square feet of space.
- Handling the acquisition, joint venture, financing and lease-up of a 400,000 s.f. life sciences campus in suburban Boston.