CordenPharma Proposal

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OPTIONS SUMMARY

Enclosed are the top options for 30,000 – 40,000 SF of lab space in Boulder. We were able to pull this list together so quickly because of our experience representing life sciences tenants in Boulder. We have strong relationships with the asset managers for all life science landlords in Boulder because of that experience. We are constantly speaking to all the life sciences landlords in Boulder about their timelines to deliver new lab space. Construction timelines for these spaces are key because there is no existing lab product available for lease. It all must be built out new, and the timelines to do so are 16-18 months because of supply chain issues and equipment delays. Generators, switch gear, and rooftop HVAC units are the lead culprits, with 9 – 12-month lead times for delivery. These issues and delays often blindside tenants not represented by advisors that are entrenched in the market on a day-to-day basis. We save tenants 2-4 weeks on the front end of their search process because we know exactly what is going on with all the potential lab space in Boulder. Most advisors find out a tenant’s facility requirement and then spend 2-3 weeks making calls to figure what options each landlord has available and what their realistic delivery timeline looks like. We already have that information on hand because of how active we are in the market, which translates to our clients getting into new space sooner.

Proposal for Real Estate Services CORDENPHARMA 21

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