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Transactions - MARCH 25, 2021

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BDN and PABC partner on life science incubator within 14-acre $3.5b neighborhood

by Released

Brandywine Realty Trust, in partnership with the Pennsylvania Biotechnology Center (PABC), announced B.Labs — a life science incubator at Cira Centre directly adjacent to Brandywine’s 14 acre $3.5 billion Schuylkill Yards neighborhood in University City, Philadelphia. B.Labs will provide high-quality innovation, collaboration and research space that creates growth capacity for startup, early-stage, fast-growing and established life science industry leaders. Capitalizing on University City’s intense demand for flexible, plug & play lab and research space, the 50,000-square-foot B.Labs will commence construction immediately with an opening date scheduled in the fourth quarter of 2021.

Located within both a federal qualified opportunity zone (QOZ) and a Keystone Innovation Zone (KIZ), Cira Centre is directly connected to Amtrak’s 30th Street Station offering a central solution for attracting city and suburban talent. Proximity to the train and the international airpo

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