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THE MAGAZINE OF CORPORATE REAL ESTATE STRATEGY & AREA ECONOMIC DEVELOPMENT
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BRIEFLY BIO
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company that provides components to the medical device industry recently opened a new manufacturing plant in Paso Robles, Calif. Specialty Silicon Fabricators says it is expanding due to increased business in the U.S. and around the globe.


New Haven, Conn., will be the location for the new global headquarters of Alexion Pharmaceuticals by 2015. The company expects to add 200 to 300 new jobs by 2017.


Duke Realty has developed WakeMed Raleigh Medical Park a new three-story, 87,000-sq.-ft. (8,082-sq.-m.) facility in Raleigh, N.C. WakeMed Health & Hospitals’ Diagnostic Center, which includes outpatient imaging, lab services and pre-anesthesia testing, is the first of several healthcare services to be offered in the medical park. Capital City Surgery Center, an ambulatory surgery center which is a joint venture between WakeMed and community surgeons, plans to open in July. Duke Children’s Hospital & Health Center and WakeMed Children’s Specialty Services expect to begin serving patients in the medical park in the fall.


Greatbatch Medical has opened a new $17-million orthopedic manufacturing facility in Fort Wayne, Ind.


Boston-based commercial real estate firm Richards Barry Joyce & Partners, on the opening day of the BIO International Convention, unveiled research in its bioSTATus Summer 2012 report that the Boston area's biotechnology-related real estate market continues to be one of the strongest in the nation, with overall vacancy rates for laboratory space dropping to 10.1 percent from 13.1 percent. Greater Boston is home to 16.4 million sq. ft. (1.52 million sq. m.) of laboratory space. During the two-quarter reporting period ended March 31, 2012, tenants absorbed 507,000 sq. ft. (47,100 sq. m.) of life sciences research-related real estate. The previous 10 quarters averaged only 24,000 sq. ft. (2,230 sq. m.) absorbed.

An additional 1.4 million sq. ft. (130,060 sq. m.) of laboratory space is currently under construction, with the number jumping to 3.1 million sq. ft. (287,990 sq. m.) when biotech-related office space is included. These new development projects — along with those slated for imminent construction — will make the existing life sciences clusters, such as East Cambridge and Boston's Longwood Medical Area, even denser. 

"Since the last time Boston hosted the BIO conference in 2007, there have been significant positive changes to the market," said Brendan Carroll, senior vice president of research for Richards Barry Joyce & Partners. "The region's laboratory inventory grew by 21 percent, VC funding for local biotechs has expanded and headcount for life sciences research increased 56 percent — all this despite the economic turmoil that occurred during the intervening years."


Margulies Perruzzi Architects of Boston was honored with a 2012 Best Practice Award of Excellence by the Boston chapter of the International Facility Management Association for its high performance workspace design for Philips Healthcare.

For the 32,000-sq.-ft. (2,972-sq.-m.) interior fit-up of Philips' new office environment, MPA provided interior architecture and corporate design services to translate the company's shift in work and corporate culture into a "high-performance workspace that aligns with work-from-home practices and technology, provides collaboration space and privacy, and promotes Philips' brand of improving the quality of people's lives by focusing on health and well-being."

More than 90 percent of the lighting is LED, offering energy-efficient light that makes the office environment more engaging and uses 25 percent less electricity than code mandate for energy consumption per square foot.


Scotland recently opened a new stem cell research center and bio-medical incubator. It is the first large-scale, purpose-built facility of its kind in the country and provides accommodation for up to 250 stem cell scientists.


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Site Selection
Vol.3 , Issue 06

 
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