Avison Young eyes life sciences for real estate sector growth

by Steve Randall20 Sep 2018

Avison Young has launched a new practice focused on the real estate needs of the burgeoning life sciences sector.

The Toronto-based company’s new practice group will span 10 regional markets in Canada, US, Mexico, and Europe, and will be led by Jerry Keeney, Avison Young Principal and Managing Director of the firm's San Diego office; Principal Brian Cooper, who is also based in San Diego;New Jersey-based Principal Tom Giannone; and Steve Bleiweiss, a Senior Vice-President in the firm's Metropark, NJ office.

"The life-sciences industry is expanding at a rapid pace, accounting for much of the leasing activity in markets such as San Francisco, Boston and San Diego,” said Keeney. “The launch of our partnership at the global level allows us to formulate solutions for our clients who often have operations in more than one location."

There will be 17 leasing professionals within the group who will assist clients with real estate including laboratories and manufacturing facilities.

"The new practice group's members understand the pharmaceutical product life cycle as well as the technical complexities that can create budgetary and scheduling risk associated with life sciences firms' real estate requirements," explained Mark E. Rose, Chair and CEO of Avison Young.

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