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Opentrons Inks First Lease at Newly Built LIC Life Science Hub
King Street Properties, GFP Real Estate and Newmark have secured a long-term life science lease totaling 47,790 square feet by Opentrons at Innolabs, 45-18 Court Square West in Long Island City. It’s the first lease signed in the purpose-built project, directly across the street from One Court Square
The space will be for Opentrons and its two subsidiary companies, Pandemic Response Lab and Neochromosome. Newmark’s Bill Harvey, Jared Horowitz, Jordan Gosin and Emma Kistler represented ownership, which includes Carlyle as well as King Street and GFP. The services firm is working with ownership to foster LIC’s emerging life science and biotech cluster.
“We were drawn to Innolabs due to ownership’s expertise in the life science sector, the asset’s location and the value proposition of being in Long Island City,” said Jon Brennan-Badal of Opentrons.
Added Carlyle’s Michael Gershenson, “We see significant value creation potential for Innolabs.”
Rendering courtesy of Neospace and Perkins.
- ◦Lease
- ◦Development
