Life Science: Great Promise & Rapid Growth

TOP VC-FUNDED COMPANIES (2018)

COMPANY

ROUND

MONEY RAISED

LEAD INVESTORS

Humacyte

Corporate

$150M

Fresenius Medical Care

Precision BioSciences

Series B

$110M

ArrowMark Partners

Humacyte

Series C

$75M

Point State Capital

AgBiome

Series C

$65M

Monsanto Growth Ventures, Pontifax Agtech, Fidelity Management & Research

Ribometrix

Series A

$30M

M Ventures

StrideBio

Series A

$16M

Hatteras Venture Partners

Metabolon

Series E3

$7M

Undisclosed

Grid Therapeutics

Series B

$5M

Milestone Holdings

Health Decisions

Series A

$2M

Boston Millennia Partners

Source: PitchBook, Crunchbase

RENT VS. VACANCY COMPARISON

SUBMARKET STATS

$26

30%

INVENTORY (SF) VACANCY

$24

25%

RTP/I40 Corridor

7,224,065

22.9%

$22

20%

$20

15%

West Raleigh

1,514,311

5.5%

$18

10%

$16

5%

Downtown Durham

492,720

3.3%

$14

0%

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Asking Rent, $ PSF (NNN) Overall Vacancy Rate

NOTABLE LEASE TRANSACTIONS (2018)

TENANT

SF

LANDLORD

ADDRESS

SUBMARKET

LEASE TYPE

LabCorp

222,000 Karlin Real Estate

5 Moore Dr.

RTP/I-40 Corridor

New

Stiefel Laboratories

36,000

Longfellow Real Estate Partners Longfellow Real Estate Partners

20 T.W. Alexander Dr.

RTP/I-40 Corridor

New

Locus Biosciences

25,000

523 Davis Dr.

RTP/I-40 Corridor

New

NOTABLE SALE TRANSACTIONS (2017 - 2018)

ADDRESS

SUBMARKET SF

BUYER

SELLER PRICE

TENANTS

NCSU Centennial Campus – Venture & Alliance Buildings

West Raleigh 620,797 TPG Real Estate JV Parkway Property Investments

Heitman, LLC

$172M

Bandwidth, NCSU and ABB

27

Contributor: Joshua Chiles, josh.chiles@cushwake.com