Eli Lilly and Breakthrough Properties Join Forces
In an exciting development for the biotech community, Eli Lilly and Company has partnered with Breakthrough Properties to introduce the Lilly Gateway Labs. Located at 2300 Market Street, this initiative marks a significant step towards fostering innovation in the life sciences sector.
State-of-the-Art Facilities for Biotech Companies
The Lilly Gateway Labs will provide move-in ready laboratories and fully equipped workspaces tailored for biotechnology firms. These facilities promise not only convenience but also access to essential amenities, ensuring that companies have everything they need to thrive from day one.
Customizable Solutions to Meet Unique Needs
With flexible leasing options and customizable plans, the labs are designed to adapt to the varying needs of burgeoning biotech firms. This allows businesses to focus on their crucial research and development efforts without worrying about the overhead costs typically associated with setting up new labs.
Comprehensive Resources and Strategic Support
The partnership harnesses the strengths of both Lilly and Breakthrough Properties. Companies will benefit from access to Breakthrough's Scientific Advisory Board, along with the expertise of Lilly's own scientists and executives, who will offer strategic guidance aimed at accelerating innovation.
Premium Equipment and Support Services
Spanning 44,000 square feet, the labs come equipped with high-quality instruments including centrifuges, cold storage, and autoclaves, fostering a conducive environment for research. On-site staff will provide additional support, enhancing the capacity for R&D while minimizing initial costs for participating companies.
A Thriving Ecosystem for Life Sciences
The location itself is a significant advantage. The building, developed by Breakthrough Properties—a collaboration between Tishman Speyer and Bellco Capital—is strategically positioned near leading academic institutions and research facilities. This effort positions Philadelphia as a central hub for life sciences advancements.
Enhancing Philadelphia's Life Sciences Landscape
Daniel D'Orazi, Chief Investment Officer at Breakthrough Properties, emphasizes how this partnership will catalyze the emergence of innovative life science companies in Philadelphia. By providing top-tier lab space and resources, Lilly Gateway Labs aims to nurture groundbreaking discoveries that have the potential to change lives.
Architecture and Infrastructure Excellence
Designed by the renowned architecture firm KieranTimberlake, 2300 Market features best-in-class lab-ready space that maximizes flexibility for various research purposes. The infrastructure aims to support robust scientific endeavors, accommodating the growth of life science initiatives.
Community and Connectivity
Conveniently located adjacent to the University of Pennsylvania and Drexel University, 2300 Market Street is part of a vibrant life sciences ecosystem. The facility offers easy access to lifestyle amenities, enhancing the work-life balance for scientists and researchers.
Commitment to Innovation in Biotechnology
Formed in 2019, Breakthrough Properties seeks to reshape the landscape of life sciences real estate while supporting innovative endeavors across biotechnology, agriculture, and nutrition fields. Their mission aligns with the broader goals of fostering environments that stimulate scientific breakthroughs and transformative therapies.
Frequently Asked Questions
What is the purpose of the Lilly Gateway Labs?
The Lilly Gateway Labs aim to provide biotech companies with move-in ready labs and resources to foster innovation and facilitate research and development.
What support will companies receive at Lilly Gateway Labs?
Companies will receive strategic guidance from Lilly's scientists and executives, along with access to Breakthrough's Scientific Advisory Board to enhance their research efforts.
How much space will Lilly Gateway Labs occupy?
The labs will span 44,000 square feet, offering a range of fully equipped workspaces and laboratory facilities.
Who developed the building where the labs are located?
The building is developed by Breakthrough Properties, a joint venture between Tishman Speyer and Bellco Capital.
What are the key features of the lab facilities?
Key features include cold storage, centrifuges, autoclaves, and premium equipment, alongside concierge services and administrative support for companies.
