THE WOODLANDS, TX—Demand for life sciences is ratcheting up in Houston. The sale of five buildings totaling 260,950 square feet at 8800 Technology Forest Dr. is proof positive of that statement.
In fact, this is the single-largest commercial real estate sales transaction in the life sciences sector in the Greater Houston area in 2020, according to NAI Partners. The buyer and purchase price were undisclosed.
The main building on the former Lexicon Pharmaceuticals campus is a 128,400-square-foot class-A office property with laboratory space. Additional properties on the site include a one-story flex property with lab and office space, as well as two special-use facilities.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
