search

The Real Deal Logo

Trending

“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab law“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab lawDevelopers have a new tax break. Now they must figure it outDevelopers have a new tax break. Now they must figure it outHow low? LNR buys San Francisco office building for 11% of 2018 priceHow low? LNR buys San Francisco office building for 11% of 2018 priceHousing deal finally passes; here are the detailsHousing deal finally passes; here are the details
Commercial
Houston

Baylor med school will anchor TMC Helix development

Signed for 114,000 square feet of the Dynamic One building

Baylor's Paul Klotman and TMC's William F. McKeon with rendering of the Dynamic One building (Baylor College of Medicine, Texas Medical Center, Beacon Capital Partners)
Baylor's Paul Klotman and TMC's William F. McKeon with rendering of the Dynamic One building (Baylor College of Medicine, Texas Medical Center, Beacon Capital Partners)

TMC Helix Park in Houston signed its first tenant.

Baylor College of Medicine will anchor part of the 37-acre life sciences campus on Bertner Avenue, the Houston Chronicle reported. The school signed a lease for 114,000 square feet for labs and startup companies.

Developer Beacon Capital Partners said the school will anchor its Dynamic One building, which is set to open this year.

Baylor College of Medicine, which receives more National Institutes of Health funding than any other entity in the state, moved to Houston in 1943 and was the first office built in the Texas Medical Center, the school said in a statement.

The 355,000-square-foot Dynamic One building will also hold retail and commercial life sciences space as well as health care providers. The campus will have three more research sites, one of which — the 250,000-square-foot Collaborative Building — is also expected to open this year.

Sign Up for the undefined Newsletter

To the south, a project dubbed TMC BioPort is expected to double the overall size of the Texas Medical Center. The planned 500-acre biomanufacturing and medical supplies distribution center as “the last missing piece to this largest life science ecosystem in the country,” said TMC CEO Bill McKeon.

Baylor is planning another life sciences building for Houston, at 1953 Butler Boulevard. The 11-story, 503,000-square-foot facility will eventually include a mix of education, research and administrative space to facilitate the needs of the Baylor college system, which includes hundreds of students and research staff.

Read more

— Victoria Pruitt

Tags
Life-sciences