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Transactions - JANUARY 5, 2022

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Starwood, Trinity Capital plan $1b life science project

by Andrea Zander

Starwood Capital Group and Trinity Capital Advisors have plans to develop Spark LS, a 109-acre advanced life-science campus in Morrisville, N.C., near the Research Triangle Park in the Raleigh-Durham MSA.

It will feature about 1.5 million square feet of cutting-edge lab and bio-manufacturing space, and is designed to empower all phases of life-science advancement, from discovery to delivery. In addition, Spark has retail, restaurants, parks and recreation areas.

“We’re excited to continue investing in the Raleigh life science market, one of the top clusters in the country,” said Mark Keatley, managing director at Starwood Capital. “The Raleigh life science market benefits from record levels of public and private sector funding, which is driving increasing demand for high quality lab and bio-manufacturing space. We believe Spark’s large campus setting and expansive amenity offering in a centralized location will be appealing to life science companies in the ma

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