This industry is still in the early stages of growth in most markets. Joes background in architecture, real estate development and financial analysis provides clients with an experienced professional and strategic leader who integrates complex factors to create successful results for clients. EG: One noteworthy deal was Tome Biosciences. Olivia is a Client Services Coordinator on the Life Science Practice Team in Boston. Barry will call on her experience and knowledge of the sector and the region to help industry-leading life science companies find and develop space that meets unique business and operational requirements in the competitive Boston market. Read the latest edition of the Commercial Observer online! Colliers | Boston, originally founded by J. Morris Meredith in 1875 who later formed the reputable Meredith & Grew partnership just 16 years later, is deeply rooted in the Boston market. With tens of millions of square feet in announced or underway projects, Boston easily has the largest potential pipeline of life science space in the nation. Navigating this quickly-shifting sector requires deep expertise and a team of committed professionals, which Colliers has plenty of. She brings to Colliers excellent leadership qualities developed over the course of a 15-year career working hands-on with various biotech firms. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. Barry moved from the bench, focusing on laboratory and facility management ,which is where her interest in the commercial real estate side of the Life Science industry blossomed. Colliers has been involved with numerous life sciences/lab transactions in Greater Boston. Note you are now viewing the Colliers United States website. Tenants will benefit from extensive renovations to the buildings amenities including state-of-the-art fitness center, updated and expanded high-end caf, as well as improvements to outdoor gathering areas and landscaping that are currently underway with anticipated completion in the coming months. 12/03/2020 - Despite development slowdown, the state's life science industry keeps on building. Recent research from Colliers found that with tens of millions of square feet in announced or underway projects, Boston has the largest potential pipeline of life science space in the nation. According to Executive Vice President Curtis Cole ofColliers Life Science Practice team, IQHQs vision for Innovation Park is truly flourishing. . He has spent 30 years working in the industry, focusing on companies within the life science, pharmaceutical, biomanufacturing and technology industries. What strategies are popular with investors entering this life science market? Matt Sherry: What were seeing on our side is similar. Colliers Inks 88,184-SF Life Science Deal in Andover, Connolly Brothers Receives Silver Award from DBIA New England, SGA Celebrates 30 Years of Design Excellence, New England Ice Cream Corporation Leased a 15,571-SF Industrial Building. They have completed thousands of transactions including renewals, new leases, build to suits, purchases and salestransactions. Prior to joining Colliers, Barry also held roles as a scientist at several local biotech companies with experience at the bench in both R&D and GMP laboratories. With space availability below 2%, the space crunch has yet to abate. Jackunderstands his client'sexact needs regarding theiroverall business strategy so that he may help them reduce costs,drive revenue, and enhance recruitment & retention through their office environment. Perhaps searching can help. Any recent deals you could share with us? The life science industry shattered growth records in 2021. David Burden is one of the leading corporate real estate services transaction advisors in the US, a four time finalist for Chicagos tenant rep broker of the year, and has achievedColliers Chicago top producer four times since 2010 in a company with over 100 leading commercial brokers in the market. The Shifting Nature of Boston Life Sciences: Shifting Demand, New Dominant Submarkets By Colliers October 11, 2022 8:00 am reprints gmcnicholl Throughout the pandemic, the life sciences sector has been the Superman of commercial real estate, growing far beyond the sector's pre-COVID performance. Which submarkets are hot spots of tenant activity, and how might that have changed over the past few years? IQHQ acquired the 211,940-SF life science campus from owner-occupier, Eisai, Inc., back in early 2020, and in partnership withColliershas completed leases to UMASS and Ora Clinical in addition to this latest signing. Colliers (NASDAQ and TSX: CIGI), the leading global commercial real estate services firm, announces it has appointed Kim Barry as Senior Vice President in the group's rapidly growing Boston Life Science Practice. managing director of investment sales for Colliers Boston, said at the brokerage's annual market outlook forum this week. We are part of its history and are deeply dedicated to the community and to serving you. In my role as Executive Managing Director and Market Leader of Colliers Boston, I am responsible for the strategic direction and performance of Colliers Internationals Boston office, comprising more than 130 real estate professionals who provide clients with best-in-class service for landlord representation, tenant advisory, corporate solutions, capital markets, development and consulting, real estate management, valuation and appraisal, and marketing and research. We have found continued success in life science sale transactions with buyers who are able to be flexible in executing transactions without full entitlements in-place. Si desactivas esta cookie no podremos guardar tus preferencias. About Knowledge Leader, They raised a total of $21.2 billion at IPO, for a. Outstanding Women of Commercial Real Estate 2023 Announced, Will be Honored Bostons Largest Architectural Firms: 2023. His practice involves creating effective real estate solutions for his clients, locally and globally, and landlord representation for primarily office and industrial properties. Having played an integral role in landmark transactions across the city, Massachusetts and New England as a whole, Meredith & Grew is ultimately the foundation of the companys long-term success, built upon exceptional service, unrivaled market knowledge, business acumen and a deep dedication to the community. Our clients can come to Colliers for a "one-stop-shop", and trust that the advisers we have on staff possess a keen awareness of the entire real estate market. With a staff of over 130 working out of the Colliers Boston offices, we take a strategic approach to on-going company growth and talent acquisition, making sure that our people represent and uphold our overall company culture and values. IPOs also set new highs. We have loyal, committed leadership and incredible talent at all tenure levels, making Colliers | Boston an energetic and diverse work environment for its employees. Esto significa que cada vez que visites esta web tendrs que activar o desactivar las cookies de nuevo. He has spent 30 years working in the industry, focusing on companies within the life science, pharmaceutical, biomanufacturing and technology industries. It was an opportunity for the buyer to get their hands on a building with a Cambridge address. As more product is completed, liquidity should only increase. They have invested significant capital into what was already first-class space with the goal of making it a life science destination for multiple GMP users all under one roof.. Note you are now viewing the Colliers United States website. Outstanding Women of Commercial Real Estate 2023 Announced, Will be Honored Bostons Largest Architectural Firms: 2023. The asset commanded attention from a wide range of institutional investors, with Oxford Properties ultimately being awarded the asset. Its exciting to see this type of growth, going from 20 employees to 150-plus. He serves as the Director of Life Sciences team and is well versed in all aspects of designing and constructing laboratory and GMP manufacturing facilities on behalf of his clients. BOSTON Colliers International announced that it represented client, IQHQ, in a 15-year, 88,184-SF lease at Innovation Park, Andover, MA to growing Cambridge-based life science company, Oncorus. Whether you are looking to lease or invest in a rese Colliers (NASDAQ and TSX: CIGI), the leading global commercial real estate services firm, announces it has appointed Kim Barry as Senior Vice President in the groups rapidly growing Boston Life Science Practice. Colliers | Boston brings a world of resources to New England, offering a full array of integrated real estate services and backed by the most experienced executive team in the Greater Boston area. Conversions happening throughout that market, from the city to the suburbs, are driving tremendous capital flows to office and industrial assets. We look forward to partnering with community stakeholders and neighboring owners to develop a thoughtful evolution of this campus, added Eric Svenson, Managing Partner, Broder. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Our Colliers life sciences expert will work with you to find the right capacity and environment to maximize efficiencies and minimize costs. My primaryfocus is the Class Asubmarkets: UTC, Downtown CBD, Carmel Valley, Sorrento Mesa, Sorrento Valley, Del Mar, Torrey Pines, Solana Beach, Carlsbad, Kearny Mesa, andMission Valley. He also oversaw an 8.5 million-square-foot, Class A office portfolio in New Jersey and eastern Pennsylvania for SJP Properties. We are experts at structuring lease and purchase transactions that reflect the significant capital investment required to support research and manufacturing operations while addressing the life cycle of funding for these operations. Our collaboration with your internal and external vendor teams for design and engineering is critical to your and our ability to set realistic expectations for budgets, occupancy, and final validation. He is an executivevice president and shareholder in the firm. Receive our weekly newsletter with the latest posts and insights. Those who end up getting strong data will have no issues raising new rounds of financing. Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. In 2020 Boston and San Diego led the country in positive net absorption, at 1.2 million square feetand 405,000 square feet, respectively. With a growing team of six dedicated specialists, we have the depth and drive to fully understand every moving piece of the evolving and ever-growing life science real estate market, providing our clients with real-time, superior insights along the way. Phone: 646.660.8644 Michael offers his clients a unique industry advantage, having gained his real-world Life Science experience in his roles at 3M, DonJoy Orthopedics, and The Regulatory and Clinical Research Institute (acquired by Covance/Labcorp). Conversions happening throughout that market, from the city to the community and serving. For a the latest posts and insights leading diversified professional Services and investment management company managing director of investment for! Is similar Cambridge address States website the life science market been involved with life... Of Commercial Real Estate 2023 Announced, Will be Honored Bostons Largest Firms! Led the country in positive net absorption, at 1.2 million square feetand 405,000 feet! With Oxford Properties ultimately being awarded the asset on building brokerage & # x27 ; s market... Expertise and a team of committed professionals, which Colliers has been involved numerous! 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