Life Science Sector
T3's Life Sciences team specifically addresses the needs of companies working in biotechnology and medical device research and development. Companies with whom we engage vary in phases of R&D, product development and commercialization. Life Science clients particularly benefit from T3's unique model. The ownership of lab buildings has consolidated and it is particularly important to have an unbiased conflict free tenant broker and advisor in this sector.
T3 Life Science Sector Experience:
- T3 has worked successfully with companies of all sizes to strategize and implement plans to match venture funding tranches, R&D and clinical trial paths, and product commercialization timelines with facilities requirements. In no other sector is evaluation of facilities utility versus cost and long term liability more important and more complex than in life sciences.
- T3 has the in-house personnel to advise on a higher level when it comes to evaluating incentives opportunities for clients and integrating those benefits into the bigger picture of property analysis. We have brokered meetings between clients and state incentive programs and worked with clients to fully understand the opportunities available to them.
- For a mid-cap public medical device company in MA, T3 initiated the implementation of a lease administration system. T3 identified a number of issues including municapal tax overcharges and sublease income undercharging. To date, the company has realized over $200K in savings since working with T3.
- A twenty year old publicly traded biotech company retained T3 to review its real estate leases and provide a long term real estate strategy for its headquarters and research facility. T3 managed a comprehensive site search and successfully negotiated a long term 100,000 square foot lease saving the client over $15 million versus the other property in consideration.
T3 Life Science Sector Services:
- Strategic Planning
- Market Analysis
- Real Estate Site Search and Deal Negotiation
- Sustainability Strategy and Implementation
- LEED Analysis, Cost Benefit Evaluation
- Government Incentives/ARRA Application and Procurement
- National and Global Expansion
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