Real Estate Development and Investment for the Life Sciences Industry
At Warren Avenue Investors, beautiful and functional properties are the main priority. Each property is located in an easily accessible location surrounded by relevant and complementary businesses. Lab spaces are large, well-planned, and prepared to fit any corporation’s needs. With varying sized office spaces and meeting rooms, floor plans are adaptable to fit the unique needs of each tenant.
Malvern Technology Center I – Malvern, PA
335-395 PHOENIXVILLE PIKE
Located in Malvern, PA, this 104,400 SF building was renovated in 2008 and acquired by Warren Avenue Investors in 2017. The now-fully leased building provides investment grade and international tenants with high-quality lab, R&D, and flexible office space to serve their needs. With proximity to major life sciences players such as Johnson & Johnson, Merck, and Teva, as well as its easy access to four major highways, the building is well positioned for long-term growth.
2-30 SPRING MILL DRIVE
Now fully stabilized, this building provides excellent cash flow from credit-worthy tenants in the pharmaceutical R&D and CDMO space. Recent redesign and capital investments has positioned this property to be one of suburban Philadelphia’s highest quality and most cost-effective laboratory/R&D/flex buildings.
Malvern Technology Center II – Malvern, PA
350 – 384 TECHNOLOGY DRIVE
Malvern Technology Center II is an 81,330 SF life sciences building located in Malvern, PA. Charles River Laboratories (NYSE: CRL) – the building’s main tenant – is a credit-rated contract research and manufacturing organization that supports the breadth of pharmaceutical companies in the area. Approximately half of the building will be renovated to provide Class A lab space to serve the growing need of legacy and emerging life science tenants in the area.
Belward Center – Rockville, MD
BELWARD CAMPUS NORTH
Belward North – 9901 Belward Campus Drive – is a fully leased office and lab building on the same campus as Belward South. The building provides durable, contractual cash flow while Belward South undergoes its renovations, complementing Warren Avenue Investors’ business plan. As with Belward South, Belward North was acquired at a significant discount to replacement costs and benefits from it’s fortress location in “DNA Alley”, which receives over $12B annually in Federal investments and is home to over 10,000 biotech professionals.
BELWARD CAMPUS: SOUTH
Belward South – 9900 Belward Campus Drive – is a newly repositioned Class-A lab building in the heart of “DNA Alley,” a cluster that is home to over 350 life sciences companies outside of Washington, D.C. in Suburban Maryland. Built in 2004, Warren Avenue Investors acquired the 57,150 SF building well below replacement costs and has invested significant capital in the base building and tenant spaces. When renovations are complete, the building will be among the highest-quality lab facilities in the submarket.