Eagleview leases new 110,000-SF building to international life sciences companies; hundreds of jobs planned
This rendering shows an overhead view of a new building in Exton’s Eagleview development.
By Paul Schwedelson – Reporter, Philadelphia Business Journal
Nov 10, 2022 Updated Nov 11, 2022, 5:26pm EST
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Swiss and Chinese companies have signed long-term leases to occupy a 110,000-square-foot lab and flex space building under construction in Exton’s Eagleview development.
Früh Verpackungstechnik AG, a medical packaging company based in Fehraltorf, Switzerland, will lease 63,500 square feet in the new building. China’s Frontage Laboratories, which already leases space in Eagleview, signed to lease another 46,500 square feet in the same future building. Frontage provides product development services to companies developing drugs.
Hankin Group, Eagleview’s developer, said the total cost of the building is $40 million. The companies declined to share terms of the two leases. The building is at 240 Sierra Drive.
Früh plans to employ “a few hundred” people at its the site with most being newly created jobs, Chief Sales and Marketing Officer Thomas Good said from Switzerland in a phone interview.
“We are following the customers’ voice,” Good said. “We already do…
Life sciences leases are at the vanguard of the new real estate economy. The highly specific and costly requirements of life sciences leases set them apart from other commercial leases. Therefore, an enhanced understanding of the tenant’s needs and the landlord’s capabilities is critical to a successful life sciences lease.
The rapidly growing Philadelphia life sciences sector is hungry for lab and manufacturing space. Real estate developers are meeting that demand with ambitious projects to build, rebuild, and overbuild sites to produce facilities that will retain and attract life sciences companies.
Developers announced plans Thursday to build a pair of big laboratory facilities, totaling 800,000 square feet, in Montgomery County, reflecting that municipality’s ongoing efforts to remain a magnet for the life sciences and biohealth industries.
The lab sites are collectively branded EvolutionLabs, with their primary driver being Bethesda-based developer Stonebridge. The smaller of the two projects, but the first to get underway, will comprise two buildings, together weighing in at 250,000 square feet. The first building, six stories and 150,000 square feet, is anticipated to break ground this fall, with tenant construction to follow next winter. The second building, at 100,000 square feet, will break ground in 2024.
In 2021, Philadelphia continued to prove why it’s an up-and-coming life sciences and biotech cluster. Current reports state the city received $1.23 billion in National Institute of Health (NIH) funding in 2021 — and that number is expected to be bigger once finalized, said Lauren Gilchrist, Managing Director of Research at Longfellow Real Estate Partners.
Activation Capital, a leading entrepreneurship and ecosystem development organization, announced the launch of a cluster accelerator to catalyze the growth of advanced pharmaceutical manufacturing and R&D in Central Virginia. A coalition of private-public entities from Greater Petersburg and Greater Richmond helped form the accelerator, secured $2.5M in seed funding from GO Virginia and others, and appointed Activation Capital as the organizing entity – a first-of-its-kind initiative for the Commonwealth of Virginia.
Data Center Firm DataBridge Sites Expands into Philadelphia, Maryland, and Chicago
Cloud, Colocation, and Interconnection offered in Key Data Center Markets
June 10, 2020 06:00 AM Eastern Daylight Time
SILVER SPRING, Md.–(BUSINESS WIRE)–Three proven multi-tenant data centers have been brought together as a single-service entity by DataBridge Sites, offering cloud, colocation, and interconnection services. The three data center campuses are located in Silver Spring, Maryland, convenient to both the Washington DC and Baltimore markets; King of Prussia, Pennsylvania, serving Philadelphia; and Aurora, Illinois, a proven data center destination near Chicago.
“Due to COVID-19, companies are transitioning even more aggressively to digital operations and the ability to always be available for their customers and employees is of even greater concern than ever before”
DataBridge Sites is a rebranding by 20-year old ESite Systems, which in 2019 purchased Maryland and Pennsylvania data centers that had been operated by former ownership under the Agile name. All three data centers have exceptional uptime records, well-established customer bases, and offer the range of services integral to true hybrid computing.
“Our portfolio of proven data centers offers colocation and cloud services as well as direct access to multiple public cloud providers and carrier hotels,”…