Life Science: Great Promise & Rapid Growth

TOP VC-FUNDED COMPANIES (2018)

COMPANY

ROUND

MONEY RAISED LEAD INVESTORS

Viela Bio

Series A1 and A2 $250M

Boyu Capital Advisory Company, 6 Dimensions Capital, and Hillhouse Capital Group

NextCure

Series B

$93M

Hillhouse Capital Group, Quan Capital

Neuraly

Series A

$36M

D&D Pharmatech

Sirnaomics

Series C1

$25M

Sangel Capital, HuaKong Equity Investment, and Qianhai Shenghui Investment

Akonni Biosystems

Later Stage VC $12M

Undisclosed

Source: PitchBook, Crunchbase

RENT VS. VACANCY COMPARISON

SUBMARKET STATS

$15 $16 $17 $18 $19 $20 $21 $22 $23 $24 $25 $26 $27 $28 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Asking Rent, $ PSF (NNN) Overall Vacancy Rate

14%

AVG. ASKING RENT (NNN)

INVENTORY (SF)

VACANCY

12%

Montgomery County

$29.86

9,262,664 4.1%

10%

8%

Frederick

$14.00

1,485,465 1.8%

6%

4%

2%

0%

NOTABLE LEASE TRANSACTIONS (2018)

TENANT

SF

LANDLORD

ADDRESS

SUBMARKET LEASE TYPE

REGENXBIO

132,000

Alexandria Real Estate Equities

9800 Medical Center Drive

I-270/Rockville

New (Build-to-suit)

Kolon TissueGene

26,000

Advent Key West, LLC

9713 Key West Ave.

I-270/Rockville

Re-let (Conversion)

KitePharma

26,000

Alexandria Real Estate Equities Alexandria Real Estate Equities

930 Clopper Rd.

Gaithersburg

Re-let

Autolus

85,000

9950 Medical Center Drive

I-270/Rockville New (Build-to-suit)

Lentigen

147,000

Equus Capital Partners

1201 Clopper Rd.

I-270/Rockville

Relet

Lonza

28,000

Alexandria Real Estate Equities

9900 Medical Center Dr. I-270/Rockville

Relet

39

Contributor: Paige Wingate, paige.wingate@cushwake.com