Biotech firm Haystack Oncology recently inked a lease for 20,000 square feet of office and processing lab space at City Garage Science & Technology Center in South Baltimore. The owner of the 135,000-square-foot life sciences building, located at 101 W. Dickman St., is Rockville, Md.-based commercial real estate investor South Duvall.
The tenant was represented by Mark Deering, a partner with MacKenzie Commercial Real Estate Services, while Nate Crowe of Scheer Partners negotiated on behalf of the landlord.
Haystack Oncology, which is currently based at 301 W. 29th St. in Remington, is scheduled to move into its new facility by next summer. The company’s new space will feature an open office design with clinical diagnostic, research and sample processing labs. Haystack will take over part of the former space occupied by Under Armour.
Originally built in 1965 as a bus depot, City Garage was redeveloped into a manufacturing hub with the backing of Sagamore Ventures in 2016. The property is part of the Baltimore Peninsula, a mixed-use project undertaken by a team that includes the likes of MAG Partners, MacFarlane Partners, Sagamore Ventures and the Urban Investment Group within Goldman Sachs. Currently undergoing construction, the 235-acre development is estimated to deliver more than 14 million square feet of commercial office, retail and residential space to the local market.
“We’re looking forward to building out a state-of-the-art clinical laboratory at City Garage to support the innovations in precision medicine that Haystack Oncology is delivering to the clinic,” said Dan Edelstein, Haystack Oncology CEO and president. “Accessibility to the extraordinary life science expertise in the Baltimore region makes the location particularly attractive.”
Deering added: “City Garage is a recognized destination for research and development and life sciences companies, so with this move, Haystack Oncology will be situated in a high-energy environment with like-minded organizations. The project features lab-ready infrastructure, convenient access off Interstate 95, and an entrepreneurial atmosphere that will serve as an amenity to attract new talent to the company.”
The delivery of the Baltimore Peninsula will provide an important boost to the region’s life sciences market. According to a recent report, the Baltimore and Washington, D.C. region ranked fourth among U.S. life sciences markets, with Baltimore contributing roughly 28% of the dedicated space.
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