Life Science: Great Promise & Rapid Growth

TOP VC-FUNDED COMPANIES (2018)

COMPANY

ROUND

MONEY RAISED (USD) LEAD INVESTORS

Think Research

Venture Round $25M

Canaccord Genuity Group

Alpha Cancer Technologies

$5M

Undisclosed

Zucara

Venture Round $4M

The Leona M. and Harry B. Helmsley Charitable Trust

SciCann Therapeutics

$3M

FV Pharma

Avro Life Science

Seed Funding $2M

Y Combinator

Zucara

Grant

$350K

National Research Council Canada

Mediphage Bioceuticals

$80K

Illumina, Wing Venture Partners

Source: PitchBook, Crunchbase

SUBMARKET STATS

AVG. ASKING RENT

INVENTORY (SF)

VACANCY

Downtown

$32.36

73,620,443

1.9%

Midtown

$23.15

16,197,605

2.3%

GTA East

$14.71

32,382,567

9.6%

GTA North

$17.98

15,137,016

6.9%

GTA West

$16.13

39,663,441

11.5%

NOTABLE LEASE TRANSACTIONS (2018)

TENANT

SF

LANDLORD

ADDRESS

SUBMARKET LEASE TYPE

Nutrasource Diagnostics

26,000

The Pauls Corporation

1620 Tech Avenue

GTA West

Renewal

Jamieson Wellness Inc.

23,000 Oxford Properties Group Inc. 19,000 Oxford Properties Group Inc.

1 Adelaide Street East

Financial Core

New Lease

Jamieson Laboratories

1 Adelaide Street East

Financial Core

New Sublease

Veeva Systems Inc.

17,000

Dream Realty

36 Toronto Street

Financial Core

Expansion

Cipher Pharmaceuticals Inc. 11,000 Metrontario Group

209 Oak Park Boulevard GTA West

New Headlease

NOTABLE SALE TRANSACTIONS (2017 - 2018)

ADDRESS

SUBMARKET SF

BUYER

SELLER

PRICE

TENANTS

2240 Speakman Dr.

GTA West

70,000

Alphora Research Inc.

Conor Pacific Development Incorporated

$11.3M

Government of Canada

3993 Fourteenth Ave.

GTA East

62,000

Infinite Cables Inc.

MSDB (Fourteenth Avenue) Holdings Ltd.

$11.3M

Infinite Cables Inc.

951 Verbena Rd.

GTA West

25,000

N/A

Downing St (951 Verbana Road) Inc.

$4.8M

N/A

37

Contributor: Kristina Bowman, kristina.bowman@ca.cushwake.com