Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Manhattan’s far west side is getting a new life science facility. The Georgetown Co. has redeveloped of a 200,000-square-foot property to create a laboratory, research, clinical and biomedical facilities. The property is already fully leased to Mount Sinai’s Icahn School of Medicine and designer, scientist and inventor Neri Oxman.

Georgetown purchased the site in 2015 in partnership with Pershing Square Capital Management’s Bill Ackman, Arnold Schwarzenegger, LeBron James and Jimmy Iovine after identifying the demand for life science facilities in the submarket. It conducted a $100 million renovation and redevelopment of the existing facility to accommodate life science tenants. The redevelopment included adding 60,000-square-foot floor plates and generous ceiling heights to accommodate specialized laboratory and mechanical equipment. The property also has natural light across the entire perimeter of the building. It is one of the largest life science campuses in New York City, according to Georgetown.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author

GlobeSt. Healthcare Real Estate 2021Event

Join the industry's top owners, investors, developers, brokers and financiers for the real estate healthcare event of the year!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.