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Tishman Speyer, Bellco to Launch Global Life Sciences Real Estate Platform

Real estate developer and owner-operator Tishman Speyer and investment firm Bellco Capital have formed Breakthrough Properties. The new company will acquire, develop and operate life science properties in leading technology centers around the world to support scientific innovation across biotechnology, agriculture and nutrition.

Breakthrough has also acquired its first property, a one-acre parcel in Boston’s Seaport District that comes with 250,000 square feet of development rights. Completion of the project is slated for 2021.

“Life science innovation is happening at an unprecedented pace, as technology and science continue to merge,” said Dan Belldegrun, CEO of Breakthrough. “Breakthrough is ideally positioned to support this new paradigm and help innovators around the globe pursue life-changing discoveries. We are thrilled to launch this effort with our first deal in Boston, and quickly expand to other innovation markets around the world.”

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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