Shady Grove Life Science Portfolio

Jones Lang LaSalle Americas, Inc. (JLL) has been retained as the exclusive advisor for the sale of the Shady Grove Life Science Portfolio, a premier life science opportunity that is home to the National Cancer Institute Headquarters and located in the heart of the Suburban Maryland life science market. The offering is located on a 35.5-acre campus and consists of:

• Gilchrist Hall (46,862 BRSF) and A&R Building (47,395 BRSF); academic/office/lab buildings offering immediate additional lab conversion opportunity with interim cash flow from short term in-place tenancy
• Two pad-sites with 250,000 SF of entitled life science density, available for immediate life science development
• Three ground leases offering secure, long-duration cash flow backed by best-in-class ground lessees

Offers will be accepted on a portfolio, sub-portfolio or single asset basis.

• Cash flowing conversion play offering significant additional density
• Steady & stable cash flow from leased fee interest in three ground leases with best-in-class ground lessees
• Two existing lab buildings offering immediate additional lab conversion opportunity with interim cash flow
• Rare scalable opportunity: 250,000 sf of entitled density available for immediate development
• Maryland Life Science vacancy is at historic lows and rents at all-time highs approaching $40NNN (Up 54% since Q1 2016)
• Shady Grove location at Heart of Maryland’s Premier Life Science Cluster
• Home to National Cancer Institute Headquarters, one of the world’s foremost researchers in Cancer diagnostics and treatment