Cambridge-Based BioLabs Selects Dallas Site For Central U.S. Hub

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Dallas-Fort Worth‘s 23-acre Pegasus Park office campus is the future landing site for life sciences firm BioLabs’ central U.S. hub.

Cambridge, Massachusetts-based BioLabs plans to open BioLabs at Pegasus Park inside the under-development Pegasus Park campus. The future tenant also plans to occupy private lab and office space at the site.

The redeveloped Pegasus Park near Stemmons Freeway in Dallas (PHOTO CREDIT: Small Investments, Lydia Hill Philanthropies and GFF)

Pegasus Park is the brainchild of J. Small Investments and Lyda Hill Philanthropies, which partnered to transform a former ExxonMobil office campus into a mixed-use development with specialty hubs and office sites dedicated to life sciences, biotech and philanthropic tenants.

To date, CoStar Group has identified 188 sites in DFW dedicated to life sciences tenants, with over 15,000 employees.

“The largest tenant so far is Alcon Laboratories, which occupies 1.6M SF at 6201 South Freeway in Fort Worth. Other DFW life and medical sciences tenants include Stryker, Abbott Labs and Pfizer,” CoStar Group Director of Market Analytics Paul Hendershot said. “With a rich history of technology and innovation, Dallas-Fort Worth is in a strong position to grow its already robust life sciences industry cluster.”

Still under development, the new life sciences campus sits off Stemmons Freeway between Southwestern Medical District and the Dallas Design District. J. Small Investments acquired the campus in 2015 from ExxonMobil and intends to convert the site into a mixed-use development offering 550K SF of office space, with a biotech hub featuring 37K SF of lab and training space.

“BioLabs is one of the biggest names in the biotech startup industry. Their decision to choose Dallas as their first location in the central U.S. is significant for our city, region and state,” CEO of LH Capital Inc. and Lyda Hill Philanthropies Nicole Small said in a statement.

 

Source: Bisnow

Four Creative Solutions From Other Industries To Be Utilized In Healthcare Design

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Across various industries architects and designers are adapting their designs to accommodate new needs like additional space or include durable materials ideal for increased cleaning.

These new fundamental needs have inspired designers to seek innovative solutions that help the peace of mind for those accompanying the space. Learn from these four industry applications and how they can be utilized in healthcare design.

1. Cleanable Sound Barriers

As social distancing barriers come in many forms are being implemented in corporate offices, it can be replicated in healthcare design as well. The commonly seen plastic barrier divider or fabric curtain may allow for easy cleaning but does not have great acoustical properties. The best of both worlds come in the form of a fully encapsulated panel that absorbs high levels of sound are ideal. For hygienic wall panels or acoustical ceiling tiles, check out Saint-Gobain Ecophon Hygiene™ that is great for absorbing sound with the ability to sterilize too. They are even bleach-cleanable and have proven reliable to aid a turn over a patient room with optimal clean. An excellent option for healthcare to control sound beautifully with an ease of cleaning.

2. Freshness From Wall To Wall

Many international hotel brands have amplified their cleaning protocol and are finding new ways to comfort guests outside of their homes. With every surface material being disinfected frequently, it’s important to source materials that do not breakdown with excessive cleanings. An area that may have been overlook in the past are the walls in hotel rooms, lobbies and hallways. Select a highly durable wall solution like DuPont™ Tedlar™ Wallcoverings is an excellent solution. Tedlar™ Wallcoverings are mold and mildew resistant and can withstand even the harshest chemicals without cracking the surface.

3. Fade-Resistant Exteriors

With project budgets tightening, the need to keep designs timeless with a contemporary feel is increasingly important. A fade resistant exterior using an architectural fabric that is long lasting helps with less frequent renovations in the future. From Napa Valley wineries to East coast universities, Shelter-Rite® by Seaman has created structures that protect people and their facilities for decades. Reimagine elements of healthcare facilities, such as a sparkling white tent entrance to a medical center or a trendy tensile fabric stretched overhead in an outdoor hospital corridor or café. The UV-fade protected colors allow designers to match the exterior of the buildings or tie the interior shades to the outside

4. Disinfecting Every Surface, Even Mile High

Just like hotels, the airplane industry is coming up with new ways to comfort travelers with increased cleaning after every flight. Major airlines are making headlines with the new cleaning chemicals being adopted to combat the COVID-19 virus. Yet what may come as a surprise to many frequent flyers, is that the cabin surfaces are protected with a superior film that slows the growth of bacteria. From the sidewalls to the bulkhead partition, these areas are covered by Tedlar® PVC films. The thermoform capabilities of Tedlar® are ideal to the many curves and bends on the airplane interiors. This same film can be applied to the case goods in medical facilities, or the flooring of the hospital.

 

Source: healthcare design

 

 

 

Denver’s Medical Office Market Shows Signs Of Resiliency In First Half of 2020

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While the MOB market did soften as expected following the onset of COVID-19, strong preleasing is cause for optimism.

According to CBRE’s biannual report on the Denver medical office building market, which covers the first half of 2020, three projects totaling 124,000 square feet were delivered in the first half of the year, with 88.8 percent of the new supply pre leased. At the close of the second quarter, over 344,000 square feet of new MOB space was under construction. One was the 89,000-square-foot MOB at 100 Cook Street in Cherry Creek, which was 100 percent leased to UCHealth upon delivery.

“Healthcare consumers increasingly expect greater accessibility and a better experience when seeking out medical care. In response, healthcare providers continue to develop locations that are easier for patients to access. Outpatient visits to medical office buildings show no signs of slowing down and, due to this growth, MOBs continue to be the most popular property type within the healthcare real estate sector. With fundamentals that are more cycle-resistant than other more traditional property sectors, both tenants and investors are drawn to the consistent stability and positive income growth of MOBs,” said Stephani Gaskins, associate, CBRE.

The largest on-campus project under construction is the 96,600-square-foot St. Joseph Medical Office Pavilion, expected to deliver in fall 2020, which recently pre-leased 8,699 square feet of space to Children’s Medical Center. Another notable build is the Synergy Medical Center, which will bring 90,000 square feet of MOB space to the Southeast submarket in early 2021.

Since the beginning of the year, three MOB properties traded hands for a total volume of $52.0 million with an average price per sq. ft. of $241.80. The largest sale in the first half of 2020 was Ridgeline Medical Campus, which traded for $33.5 million ($244.54 per sq. ft.) to Healthcare Realty Trust.

 

Source: Mile High CRE