Taconic Partners has launched a new life sciences platform to acquire, develop, lease and manage more than $2 billion in assets.
Elevate Research Properties, a wholly-owned subsidiary of Taconic, includes 1.4 million square feet of lab space, with three projects in active development in Manhattan and another recently announced pipeline deal in the region. Elevate also plans to invest in core lab markets outside of New York City, the company said in a statement.
Matthew Weir will serve as president of Elevate, in addition to his current role as executive vice president of Taconic. He said the platform will allow Taconic to consolidate its life science investment activities to "more effectively and more directly communicate" to the life science tenant market.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
