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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