Life Sciences 2020: The Future is Here

TOP VC-FUNDED COMPANIES (2019)

COMPANY

ROUND

MONEY RAISED

LEAD INVESTORS

SkinCure Oncology TRACT Therapeutics

3

$30.0M $15.0M

Seacoast Capital

1

Level Ex

5

$4.0M $4.0M $3.0M $2.9M $1.5M $1.5M $1.1M $1.0M

Surgical Innovation Associates

Angel

Level Ex

6

Vivacelle Bio

Angel Angel Angel

AltaThera Pharmaceuticals

Metritrack

Dystrogen Therapeutics

1

StarFinder

rMark Bio

2

RENT VS. VACANCY COMPARISON

SUBMARKET STATS

Asking Rents

Vacancy Rate

AVG. ASKING RENT (NNN)

INVENTORY (SF)

$30.00

8.0%

VACANCY

North Michigan Avenue North Corridor

$25.00

NA

2,277,000 0%

6.0%

Vacancy Rate

$20.00

$22.87

1,215,000 5.7%

4.0%

Chicago (non-CBD) Northwest Corridor

NA

763,000

0%

$15.00

2.0%

NA

834,000

1.5%

$10.00

Average Asking Rent $/sf

$5.00

0.0%

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

Source: Cushman & Wakefield Research

NOTABLE LEASE TRANSACTIONS (2019)

TENANT

SF

LANDLORD

ADDRESS

SUBMARKET

LEASE TYPE

AveXis

28,260

Fulcrum Asset Advisors Three Parkway North Central North/Tri-State New/Sublease

Lanza Tech

35,163

American Landmark

3045 Lamon Avenue Near North

New/Sublease

Valent Biosciences

35,024

BECO Management Inc.

1950 Innovation Way Central North/Tri-State New

AveXis

38,555

BECO Management Inc.

1950 Innovation Way Central North/Tri-State New

AveXis

38,700

BECO Management Inc.

1950 Innovation Way Central North/Tri-State New

NOTABLE SALE TRANSACTIONS (2018-2019)

ADDRESS

SUBMARKET

SF

BUYER SELLER

PRICE

CAP TENANTS

26525 N. Riverwoods Boulevard, Mettawa, IL

Central North 558,859 AbbVie

UBC Realty Investors

$154M ($276 psf)

NA AbbVie

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Contributor: Linsey Smith, linsey.smith@cushwake.com