Longfellow Real Estate Partners Delivers Move-In Ready Life Science Space at Preserve Labs
Real estate investor provides new 30,000 SF Class A lab space for immediate occupancy by life science and biotech companies in the I-270 corridor
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Rockville, MD (April 8, 2024) – Longfellow Real Estate Partners, one of the largest privately owned investors and developers of life science real estate, has delivered 30,000 square feet of Class A lab space in its first life science project to the Suburban Maryland / Washington D.C. market, Preserve Labs.
Acquired by Longfellow in the Summer of 2022, Preserve Labs is a seven-story, 191,000 square foot building located in the thriving I-270 corridor known as DNA Alley. The Class A lab and office space is fit to serve a wide range of life science and biotech companies from mid-size to full building users looking to headquarter in Maryland’s innovative hub.
Longfellow converted the traditional office project at One Preserve Parkway into two, 15,000 square foot fitted lab spaces ready for immediate occupancy on the building’s second floor and converted five contiguous levels to lab-ready floors totaling 155,000 square feet.
The company also refreshed the project’s amenities and fitness center with a hospitality-infused tenant lounge, expanded outdoor seating, and an on-site café. Longfellow’s proprietary tenant hospitality program, ElevateTM, will curate custom programming and events including food trucks, convenience services, philanthropic opportunities, and more for tenants of Preserve Labs and the community-at-large.
“Throughout our international portfolio, our mission has been to deliver state-of-the-art life science space to support some of the world’s greatest companies and institutions,” said Longfellow Managing Director, Greg Capps. “Preserve Labs is set to do exactly that for the I-270 Corridor in both lab space and the top-notch amenities that support our partners and their teams on campus.”
Preserve Labs also benefits from a highly accessible and amenitized location with connectivity to I-270 and the Rockville Metro Station. Potomac Woods Plaza, Wintergreen Plaza, Park Potomac, and Pike & Rose are within minutes of the building and boast numerous retail, dining and living options. Doubling down on transportation ease, the development will feature EV charging stations, free onsite parking, and expanded bike parking for multimodal uses.
“The quality lab space we are bringing to market, our ability to accommodate growing or established companies, easy access to I-270, and our proximity to multiple retail centers make Preserve Labs the premier life science project in the Suburban Maryland / Washington D.C. market,” said Longfellow Partner, Neill Sherron.
Longfellow is a premier investor, operator, and developer of life science real estate throughout the United States and United Kingdom with a total investment and development portfolio of more than 16 million square feet and over $10bn in total asset value. Longfellow’s international portfolio supports life science companies and institutions in key markets including Boston, San Diego, San Francisco, the Research Triangle of North Carolina, Cambridge, United Kingdom, and more.
About Longfellow Real Estate Partners
Longfellow Real Estate Partners is a real estate investment company founded in Boston,
Massachusetts in 2009. With approximately 200 employees in bio-innovation clusters across the
US and UK, Longfellow partners with renowned universities and pioneering life sciences and
technology companies to help bring visionary ideas to life. Driven by a passion to support those
working to advance the human condition, Longfellow continues to grow and expand in the name
of scientific progress. For more information, visit https://lfrep.com.
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