Life Science: Great Promise & Rapid Growth

TOP VC-FUNDED COMPANIES (2018)

COMPANY

ROUND

MONEY RAISED LEAD INVESTORS

Moderna Therapeutics

Series G

$500M

Abu Dhabi Investment Authority, Bellevue Asset Management, Julius Baer Group Flagship Pioneering, Baillie Gifford, Investment Corporation of Dubai Ireland Strategic Investment Fund, Sequoia Capital China, Temasek Holdings, Yunfeng Capital

Indigo Agriculture

Series E

$250M

WuXi NextCODE

Series C

$200M

TCR2 Therapeutics

Series B

$125M

6 Dimensions Capital, Curative Ventures

Moderna Therapeutics

Series H

$125M

Merck Capital Ventures

Kaleido BioSciences

Series C

$101M

Invus Group, Flagship Pioneering, Fidelity Management & Research

Generation Bio

Series B

$100M

Fidelity Management & Research

Stealth BioTherapeutics

Series B

$100M

Pivotal bioVenture Partners

Skyhawk Therapeutics

Early Stage VC $100M

Alexandria Venture Investments, GreatPoint Ventures, Agent Capital, Tim Disney, The Duke of Bedford

TraceLink

Series D

$93M

Georgian Partners

Source: PitchBook, Crunchbase

SUBMARKET STATS

AVG. ASKING RENT (NNN)

INVENTORY (MSF)

VACANCY

Cambridge

$88.00

10.2

0.7%

Boston

$78.00

2

1.1%

Inner Suburbs

$55.00

1

8.1%

128 Belt

$50.00

3.1

12.6%

495 Belt

$27.50

1.2

7.5%

OVERALL BOSTON

$53.00

18.6

3.6%

NOTABLE LEASE TRANSACTIONS (2018)

TENANT

SF

LANDLORD

ADDRESS

SUBMARKET LEASE TYPE

Sanofi Genzyme

900,000 DivcoWest

Cambridge Crossing, Cambridge

East Cambridge New

Alexion Pharmaceuticals 149,000 Skanska

121 Seaport Blvd, Boston Boston Seaport Relocation (from New Haven, CT)

Mass Innovation Labs

84,000 NB Development Group LLC (New Balance)

40 Guest St, Brighton

Inner Suburbs New (expanding in market)

NOTABLE SALE TRANSACTIONS (2017 - 2018)

ADDRESS

SUBMARKET SF

BUYER

SELLER

PRICE

TENANTS

4 Blackfan Circle

Brigham & Womens Hospital; Dana-Farber Cancer Institute Kala Pharmaceuticals; C4 Therapeutics; Addgene, Inc.

Longwood Medical Area

270,000 Intercontinental Real Estate Corporation

Harvard University Medical School

$272.5M/ $1,421 PSF

490 Arsenal Street (Linx)

Inner Suburbs 185,000 Clarion Partners

Boylston Properties

$171.7M/ $928 PSF

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Contributor: Ashley Lane, ashley.lane@cushwake.com; Matthew Smith, matthew.smith@cushwake.com