Colliers International’s Tri-State Life Science Practice and Tarvin Commercial Real Estate have been named the exclusive leasing agents for New York Science & Technology Center @BioBAT.
The nine-story, 500,000 s/f state-of-the-art life sciences campus is designed to house a wide range of life sciences and R&D tenants in one of Brooklyn’s most famous landmarks.
The BioBat project — a portion of the Brooklyn Army Terminal — is a joint venture of the New York City Economic Development Corp and the SUNY Downstate Medical Center.
The new BioBAT space — located within the Brooklyn Army Terminal’s 1.7 million-square-foot Building A — is undergoing a $50 million LEED Silver capital improvement. .
The current BioBAT life sciences tenant roster includes the International AIDS Vaccine Initiative (IAVI), which occupies approximately 38,000 s/f on a long-term lease.
The new BioBAT space also includes a 7,000 s/f pre-built lab suite that will be ready for occupancy in the second quarter. Potential tenants include pharmaceutical firms, contract research organizations, medical device, and research organizations.
“New York City continues to emerge as one of the United States’ leading life sciences and biotechnology corridors,” said BioBAT Executive Director Louis Kiang. “The New York Science & Technology Center @BioBAT will be a thriving addition to this community.”
“Life Sciences companies will now have access to affordable, premiere space in one large Brooklyn campus,” said Andrew Tarvin, Senior Managing Director of Tarvin Commercial, who along with John Cunningham, executive managing director, and John Cahill, managing director, both of Colliers International’s Tri-State Life Sciences division, lead the leasing efforts on behalf of BioBAT.
“Tenants will also have access to the wealth of medical and academic centers in the area.” According to Cahill, the brokers are already speaking with several potential tenants, including growing, New York City area-based biotech firms, and diagnostic companies.
Other leading medical and research facilities in the area include SUNY Downstate, the Albert Einstein College of Medicine, NYC & NYU Langone Medical Center, Weill Cornell Medical College, Memorial Sloan Kettering, Columbia University Medical Center, Audubon Center, Rockefeller University, and Mount Sinai Medical Center.