{"id":1004677020,"date":"2023-08-22T04:17:59","date_gmt":"2023-08-22T12:17:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004677020"},"modified":"2024-04-26T04:10:10","modified_gmt":"2024-04-26T12:10:10","slug":"trammell-crows-atlanta-life-science-project-lands-1st-tenant","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/trammell-crows-atlanta-life-science-project-lands-1st-tenant\/","title":{"rendered":"Trammell Crow Signs 1st Tenant for Life Science District"},"content":{"rendered":"
\"Science<\/a>

Science Square Labs is part of the Science Square mixed-use development in Atlanta. Image courtesy of Trammell Crow Co.
<\/em><\/p><\/div>\n

Trammell Crow Co<\/strong>. and development partner Georgia Advanced Technology Ventures<\/strong>, an affiliate of the Georgia Institute of Technology<\/strong>, have both topped out part of the first phase of their Science Square project in Atlanta and signed its first tenant, Trammell Crow announced on Monday, Aug 21.<\/p>\n

The building, called Science Square Labs, is part of the Science Square mixed-use development in Atlanta, adjacent to Georgia Tech\u2019s campus. The 18-acre master-planned district will eventually offer commercial lab\/R&D space and residential units.<\/p>\n

The first tenant is Portal Innovations, a life sciences venture development engine, which is taking 33,136 square feet on the 13-story building\u2019s 10th floor. In a prepared statement, Katherine Lynch, a principal with TCC Atlanta, explained that Portal\u2019s space will include wet and dry labs, private offices, and collaborative space, including an outdoor terrace.<\/p>\n

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READ ALSO<\/strong>: Where to Find Office Investment Opportunity Now<\/a><\/p>\n

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Science Square Labs is a purpose-built, 368,258-square-foot building designed to accommodate state-of-the-art lab and clean-room space. It will also feature two food-and-beverage spaces and such amenities as a fitness center, conference space and an indoor\/outdoor tenant lounge with a catering kitchen, which can be reserved for special events and opens to an outdoor amenity deck, complete with skyline views.<\/p>\n

TCC is also delivering six pre-built, fully furnished \u201cgraduator\u201d speculative lab\/office suites for growing life science companies at Science Square Labs. The project team is seeking LEED Gold and WELL certifications, and the building will feature a 38,000-square-foot solar panel array atop the parking garage, installed by Cherry Street Energy<\/strong>.<\/p>\n

CBRE<\/strong>\u2019s Eric Ross represented the landlord in the lease negotiations; the tenant was represented by Dan Lyne and James Otto, also of CBRE.<\/p>\n

Besides the lab facility designed by Perkins & Will<\/strong>, the first phase of Science Square includes a 280-unit residential building designed by RJT+R<\/strong>. Both are being constructed by Brasfield & Gorrie<\/strong> and are scheduled to deliver in the first quarter of 2024.<\/p>\n

People and money<\/h2>\n

Atlanta has one of the nation\u2019s fastest-growing labor pools for life science, annually graduating around 2,000 college students in the biological and biomedical sciences as of 2020, according to an April report from CBRE.<\/p>\n

That has been backed up by substantial NIH funding\u2014$708 million in 2022\u2014and by both institutional funding and venture capital. The city has seen 20 percent job growth in the life sciences from 2019 to mid-2022, ranking Atlanta 10th nationally.<\/p>\n

Last summer, Chicago\u2019s Harrison Street partnered with Portman Holdings<\/a> to invest in Coda, a 21-story tech-related mixed-use building adjacent to the Georgia Institute of Technology in Atlanta.<\/p>\n","protected":false},"excerpt":{"rendered":"

Portal Innovations will take space at this master-planned Atlanta development.<\/p>\n","protected":false},"author":882,"featured_media":1004677035,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21782,21742,21747,32781],"tags":[49381,32789,39106,51813,32893],"class_list":["post-1004677020","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-development","category-latest","category-office","category-southeast","tag-brasfield-gorrie-general-contractors","tag-cbre","tag-georgia-institute-of-technology","tag-perkins-will","tag-trammell-crow-company"],"acf":[],"yoast_head":"\nTrammell Crow Signs 1st Tenant for Life Science District - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Trammell Crow Co. and Georgia Advanced Technology Ventures have topped off part of the first phase of the Science Square project in Atlanta.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/trammell-crows-atlanta-life-science-project-lands-1st-tenant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trammell Crow Signs 1st Tenant for Life Science District\" \/>\n<meta property=\"og:description\" content=\"Trammell Crow Co. and Georgia Advanced Technology Ventures have topped off part of the first phase of the Science Square project in Atlanta.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/trammell-crows-atlanta-life-science-project-lands-1st-tenant\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-22T12:17:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-26T12:10:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Science-Square-Labs-featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"798\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crows-atlanta-life-science-project-lands-1st-tenant\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crows-atlanta-life-science-project-lands-1st-tenant\/\",\"name\":\"Trammell Crow Signs 1st Tenant for Life Science District - 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