Leasing a Bio Tech Lab in Branford CT or Anywhere

Leasing Questions, Contact Kristin Geenty, SIOR www.geentygroup.com [email protected]

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GenSpace NYC

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Bootstrapping Research Scientists & their Co-Working Lab

Parish Tech Lab - Branford, CT

A one of a kind work environment




o First, New Haven welcomed “The Grove” and “The Bourse.”

2 Co-Working Office Spaces for Graphic Artists, Software

Engineers, App Developers, & Entrepreneurs of all

types, Hacking Office Life.


Photo Courtesy of the Grove



After “Make Haven” or, “The Hipsters’ Garage” A

space to build, weld, create robots, print in 3-D…

basically, community based Garage Puttering ,

Comes Parish Tech Lab, a home Think Tank for Scientists:

Both Chemistry and Biology.

It’s a Hybrid of a Membership based Hacker Space and

a traditional leasing situation. Small leases of one bench

for 6 months will be considered, up to large established

labs leasing 20,000sf or more for 10 year terms.




DIY Labs are usually BSL1(Bio Science Level One)

labs.“BSL” is a biosafety contaminant rating. BSL1

Labs are equipped for work with benign organisms

like genetically debilitated e-coli strains, molds, and

yeasts.

Built as a biological and chemical research

facility, Parish accommodates scientists in both the

Chemistry and Biology Fields.

Community Labs, DIY Labs, Open Source Labs are

much smaller than Orchard Tech Lab most often

maxing out in size at about 3,000sf.

Tour Now! Call Kristin Geenty, SIOR www.geentygroup.com [email protected] 203-488-1005



Looking to Open a DIY

Membership Lab?


Call Today to Take a Tour. 203-488-1005



BioSafety Levels are designated &

ranked from BSL1 to BSL4.

Parish Tech Lab can accommodate BSL2

projects – potentially BSL3 which is

dependent on staff training as well as

the structure and fit up.

Parish Tech Lab is 30,000sf of Lab space

easily configured for an array of uses

and tenants




Parish Tech Lab was originally designed for wet lab work, animal husbandry and chemical compound study.

Community Labs, BSL1, work with the most inert of biological materials.

BSL2 Level pathogens include: Connecticut’s very own Lyme Disease, as well as Hepatitis A-B-C & Measles.

BSL-3 pathogens include the ever feared: SARS, Eastern Equine Encephalitis, and Yellow Fever.

BSL-4, the most dangerous, is what every movie lab looks like: Pressurized suits, multiple showers & ultraviolet rooms at the entries and is where work involves dangerous pathogens with no vaccines or treatments, like: Ebola, Smallpox and Hemorrhagic Diseases.




Parish Tech Lab meets the BSL1 conditions easily as BSL1 Labs are most reliant on personal protection: Goggles, gloves, etc.

It also has Chemical and Biological Fume Hoods in place to properly vent and clean waste and bi-product gases, at BSL2 guidelines.› One could walk, in today and set up a Bio Lab without any additional work

being competed. Lab Space, Office Space, Kitchen space & conference rooms are available to lease now.

BSL3 requires more delineation and security between Labs, and internal spaces.› PHd’s could not easily step out of their offices and into the lab without

security locks on doors and additional safety checks, as well as donning protection suits and gloves.

BSL-4 the most dangerous, require complete protection including breathing apparatus and hoses, multiple showers & ultraviolet rooms at the entries.




Radiation Lab?

Explosive/Flammable Materials Cabinets?

Animal Husbandry – Automated Feeding, Cage

washing Machine?

Video/Badge Security?

We Can Accommodate you!

Call to Tour! 203-488-1005 Kristin Geenty, SIOR www.geentygroup.com [email protected]



Landlords & Tenants have a mutual goal in renting

the space but each must guard its Bottom Line and

Costs.

The competing goals of landlords and tenants play

out in five important clauses in biotech lab leases:

Leasing Questions, Contact Kristin Geenty, SIOR. 203-488-1005. 765 East Main St., Branford, CT 06405 www.geentygroup.com [email protected]



1. Tenant Improvement Cost Clause:

› Costs aren’t solely in Walls & Paint. Higher Costs are in:› Cutting concrete floor slabs in one-story “flex” buildings for

power, high speed data wiring, plumbing…

› Adding power and redundant systems (generator power, server racks) Additional air conditioning ...

Landlords generally require tenants to pay for “fit-ups” amortized over Five or More years of the initial lease term.


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2. Security:

Deposits run higher in BioTech Leases than standard office or commercial lease Deposits due to costs of systems.

Can also include Bank Letters of Credit

Often include Personal or Corporate Guaranties May include additional deposits to cover Hazardous Materials disposal or clean up.


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3. BioTech Labs are nearly always Responsible for their Utilities

and will spend time negotiating how they are defined and metered in

a lease negotiation. Particularly the whole building back up systems.

Increased Building Service and Utilities could spark controversy

4. Assignment and Subletting is another potential hot spot. A

Savvy Landlord will likely restrict an established lab from subletting

to a start-up or profiting from tenant installed equipment that has

become a permanent part of the real estate or a sub tenant who

might compete with another of the Landlord’s tenants or demand

higher and additional deposits from a subtenant.




A Few More Reasons to Lease

an Equipped Lab at Parish

Tech Lab…

Leasing Questions-Call Kristin Geenty, SIOR 203-488-1005 www.geentygroup.com [email protected]



As many in the scientific community know, Grant Funding has been on the wane for a while now.

Less than five years ago, the scientists in the top 40% of their field were virtually guaranteed a federal grant of One Million Dollars a year for Five Years.

Now funding channels have shrunken and labs are lucky to get $800,000 a year guaranteed for three to five years. And if those scientists, in that lab are affiliated with a university, the university will take $300,000 minimum of the top for expenses including utilities and per diems.

This is just another reason that an equipped lab lease is an attractive option.




Office/R&D Leases run three to seven years on average.

Labs Changing their Foot print can easily Grow or Scale Back

within one structure.

Leasing ParishTech Lab takes the Sting out of the Lease› Biotech Leases can be as long as 15 Years.

These terms are justified by some of the following: (1) Up-Front construction, installation costs are higher;

(2) Lab Equipment typically depreciates over a term of 15 years;

(3) Tenant Fit-Up costs must be amortized over initial lease terms

(4) Tenants look for longer lease terms due to FDA processes, depreciation

times and because the tenant leaves lab equipment behind, the tenant needs

to get the usable life out of the equipment before leaving it.




This is the only potential community open source co-working major

DIY lab with both Biology and Chemistry applications available to

scientists located outside Boston or N.Y.C. on the East Coast.

30,000sf of secure labs and offices available for scientists to work.

No major equipment, rent or fit out construction expenses.

Redundant systems are in place.

500sf-20,000sf. 6 month leases or 10 year leases.

The Lab at 23 Business Park Drive, Branford CT is the Most Flexible

Science Working Space on the East Coast.

Leasing Questions, Contact Kristin Geenty, SIOR 203-488-1005 www.geentygroup.com [email protected]



…Parish BioScience is facing the issues head on.

The owner of the building housing the 30,000sf Lab is a seasoned real estate veteran. Infrastructure is in place and Landlord works with Lab Owner/Tenants to reach the state for Utility breaks.




Generac Generators – Gas Powered

Nitrogen on Demand

Cold Rooms

Sub Zero Cooling Stations

Additional Tank Stations

Clean Rooms

Radioactive Rooms

Security – Badge System/Video

State of the Art Cage Washing

Leasing Questions, Contact Kristin Geenty, SIOR 203-488-1005 www.geentygroup.com [email protected]



Call for a Tour 203-488-1005 Kristin Geenty, SIOR www.geentygroup.com [email protected]


















Stay for the Science.

Call Us Today.

Kristin Geenty, SIOR. The GeentyGroup Realtors. 765 East Main Street Branford, CT




Leasing in an As-Built Lab like Parish Tech –23 Business Park

Drive, Branford Saves start up dollars for revenue generating

research, not equipment investment.

Leasing at 23 Business Park Drive provides camaraderie with

other Scientists, Researchers and Companies, not to mention

proximity to Yale’s Campus and Connecticut’s new Jackson

Labs Facility.

Come Take a Tour.




Tidbits.

Notes.

A Final Reminder to Check out 23

Business Park Drive, Branford CT.

Parish Tech Lab

Lease Specific Questions, operating expense questions, market questions, Call Kristin Geenty, SIOR 203-488-

1005


http://geentygroup.com/property_details.php?property_ID=638

http://geentygroup.com/



Take the Case of BioCurious’s Utility Bill.

**BioCurious, a 2400sf Community Lab in the Bay area of California, steps from Palo Alto & Mountain View struggles with its monthly utilities which run $5,000-$6,000.00 (yes. Per month). That’s $30.00 per square foot for utilties!




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Immunology, genetic study, cell research, chemical compounding…have more uses than Drug Development which is the Use that People Most Often Associate with Bio-Tech Companies.

Fun Science Trivia…

› Which immunologist was a Playboy Bunny from 1968-1970 and discovered while working as a waitress?

She has been dubbed “Mother of The Danger Theory in Immunology”?

Polly Matzinger

Bonus point: Who Co-Authored her first paper?




Relocate an existing lab to the

Connecticut Shoreline town of

Branford. City Water, City

Sewer, City Natural Gas, Generac

Generators, Specialized

HVAC, wired for Sub Zero

temperatures.

Whether you call it DIY Lab, Bio-

Hacking or Open Source

Science, this past

September, Scientific American

Listed 14 Community Lab Spaces

Worldwide.

Parish Tech Lab may be the first

Hybrid Traditional/Hacker Lab.

10 Miles from Downtown New

Haven, the Green & Yale.Leasing Questions, Contact Kristin Geenty, SIOR www.geentygroup.com [email protected]



Real Estate

Leasing a Bio Tech Lab in Branford CT or Anywhere