C&W To Market Midtown Biotech Park

NEW YORK CITY-Cushman & Wakefield has been named to market and lease the new Alexandria Center for Science and Technology at the forthcoming East River Science Park. The project has been zoned for up to 1.1 million square feet of office and laboratory space, and is intended as the centerpiece of the city’s efforts to develop the life sciences market.

The first phase of development will consist of an East Tower totaling approximately 320,000 square feet, followed by a West Tower totaling approximately 420,000 square feet, according to Pasadena, CA-based Alexandria Real Estate Equities. The project is ultimately expected to create as many as 2,000 new jobs for bioscience professionals, according to a release. It will occupy 3.5 acres in Midtown South between East 28th and 29th streets and First Avenue and Franklin D. Roosevelt Drive.

C&W executive director William Hartman, who is leading the marketing and leasing team on the assignment, says in a release that the project “is certain to become one of North America’s most desired destinations for life science companies at all stages of development.” He adds that it will combine New York City’s “deep talent pool, global presence, unmatched 24/7 amenities and resources with Alexandria’s extensive life science experience and expertise in developing life science clusters.”