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The physical deck of life sciences assets sets them apart
NOVEMBER 30, 2020

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The physical deck of life sciences assets sets them apart

by Loretta Clodfelter

Life sciences properties are distinct from office and industrial properties because they have specific requirements in their build-out.

“There are physical configurations in life sciences that mean you can’t do it in any office building,” says Jon Gelb, managing director and portfolio manager at Clarion Partners, which owns more than $2 billion of life sciences real estate across the United States. These include things such as ceiling heights and ventilation. “You need higher floor-to-floor space in laboratories to accommodate air-handling systems,” he explains.

“Given the large upfront capital expense required to build high-quality lab facilities, it’s critical to design the infrastructure correctly the first time around and future-proof the asset for the rapidly evolving life science landscape,” says Dan Belldegrun, co-founder and CEO of Breakthrough Properties, a venture sponsored by Tishman Speyer and Bellco Capital. “If you do not effectively des

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