Life Sciences 2020: The Future is Here

TOP VC-FUNDED COMPANIES (2019)

MONEY RAISED LEAD INVESTORS

COMPANY

ROUND

Arcellx

2nd Round 85

AJU IB Investment, Quan Capital, Mirae Asset Venture Investment, LG Technology Ventures, JVC Investment Partners, Clough Capital Partners, L.P.

Viela Bio (NAS: VIE)

2nd Round 75 2nd Round 137.1

HBM Healthcare Investments

D&D Pharmatech (Neuraly & Theraly)

Sirnaomics

5th Round 22 2nd Round 9.4 2nd Round 7.12 4th Round 7 2nd Round 6

CR-CP Life Sciences Fund

Terran Biosciences

Presight Capital Schooner Capital

Cartesian Therapeutics

Adaptive Phage Therapeutics

Alexandria Venture Investments

Biofactura

University of Vermont Health Network Ventures and Wilson Sonsini Goodrich & Rosati JDRF T1D Fund, Sanofi Ventures, VTC Innovation and VTC Seed Fund

Veralox Therapeutics

1st Round 5.4 1st Round 1.5

miRecule

Alexandria Venture Investments

SUBMARKET STATS

AVG. ASKING RENT (NNN)

INVENTORY (SF)

VACANCY

Montgomery County

$29.29

9,135,481

4.2%

Frederick County

$15.83

1,540,880

3.6%

RENT VS. VACANCY COMPARISON

Note: Rents are Full Service

Asking Rents

Vacancy Rate

$45.00

10.0% 12.0%

DELIVERING IN 2020 661K SF INVENTORY/GROWTH PROJECTION

Vacancy Rate

$30.00

0.0% 2.0% 4.0% 6.0% 8.0%

$15.00

Average Asking Rent $/sf

$0.00

2009

2010

2011

2012

2014

2015

2016

2017

2018

2019

2013

Source: Cushman & Wakefield Research

NOTABLE LEASE TRANSACTIONS (2019)

TENANT

SF

LANDLORD

ADDRESS

SUBMARKET

LEASE TYPE

REGENEXBIO

38,000 Alexandria Real Estate Equities 9800 Medical Center Drive

I-270/Rockville Expansion, total SF occupied 175,000

CBMG

22,000 Equus Capital Partners

9605 Medical Center Drive

I-270/Rockville

New

Neuraly

14,000 Alexandria Real Estate Equities 704 Quince Orchard Drive

Gaithersburg

New

NOTABLE SALE TRANSACTIONS (2018-YTD 2019)

ADDRESS

SUBMARKET SF

BUYER

SELLER

PRICE

PSF

CAP

25 W Watkins*

Gaithersburg 32,317 Alexandria Real Estate Equities

Tritower Financial Group Tritower Financial Group Tritower Financial Group

$12.4M $383.26/SF 6.75%

35 W Watkins*

Gaithersburg 52,351

Alexandria Real Estate Equities

$383.26/SF 6.75%

$20.1M

45 W* Watkins* Gaithersburg 54,240 Alexandria Real Estate Equities

$383.26/SF 6.75%

$20.8M

* Part of a three-building portfolio sale, sold for $53.25 million total, the largest tenant is AstraZeneca, occupying just over half of the campus

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