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New York & Tri-State  + Uptown/Bronx  + Healthcare  |  June 21, 2022
Elevate Research Properties, a newly launched subsidiary of Taconic Partners, will manage all aspects of Taconic's growing life sciences real estate portfolio
Paul Bubny
By: Paul Bubny

Taconic Launches Life Sciences Real Estate Subsidiary 

Taconic Partners has launched Elevate Research Properties, a wholly owned subsidiary that will be responsible for the acquisition, development, leasing and management of Taconic’s growing life sciences portfolio.  

With three projects in active development along with a recently announced future pipeline deal, Elevate will have approximately $2 billion of investment in life sciences real estate totaling 1.4 million square feet. Although all four projects are located in Manhattan, Elevate plans to invest in core lab markets outside New York as well.  

On Manhattan’s West Side, Elevate has two active lab developments. 125 West End Ave. on the Upper West Side is a 400,000-square-foot, $600-million lab development delivering in the second quarter of 2023, while in Midtown, The Hudson Research Center is a 320,000-square-foot building already home to an impressive roster of research tenants.  

Elevate will soon unveil plans for 309 E. 94th St., a 200,000-square foot Class-A research lab development.  

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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