ROCKVILLE, MD-At the end of last year, Novavaxinked one of 2011’s largest life sciences leases inthe region, taking 74,209 square feet of laboratory, manufacturingand office space in two 53,000-square-foot lab and manufacturingfacilities in Gaithersburg, MD. Now the vaccine maker is looking tosublease its local facility and has tasked the same broker to helpit that it used to secure the Gaithersburg space: ScheerPartners.

The space in question is located at 9920 Belward CampusDr., a two-story, 51,200-square-foot bio-manufacturing,R&D and office building here. Robert Scheer, HenryBernstein and Matt Brady are handling themarketing of the space. San Diego-based BioMed RealtyTrust owns the building.

The space is ideal for a mid-stage, growth-oriented life sciencecompany that needs small-scale bio manufacturing capabilities,Brady tells GlobeSt.com. That type of space is very limited in thelocal market, he adds. Asking rates for the sublease will be in themid $20s per square foot but will most likely be determined on acase-by-case basis, Brady also says. “Much has to do with whetherthe building has to be broken up. There will be potential rentalrate concessions for that versus someone who just wants to take oneof the floors.”

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.