Colliers International‘s Tri-State Life Sciences division and Tarvin Commercial Real Estate have been named the exclusive leasing agents for BioBat, a 500,000-square-foot commercial biotech space in the Brooklyn Army Terminal.
John Cunningham and John Cahill, both of Colliers, and Andrew Tarvin, of Tarvin CRE will lead the leasing efforts in the space that is currently home to the International AIDS Vaccine Initiative, which takes 38,000 square feet in the building.
“We are already speaking with several potential tenants, including growing, New York City area-based biotech firms, and diagnostic companies,” Mr. Cahill said in a prepared statement.
The BioBat facility, which is located in Building A of the 1.7-million-square-foot BAT, is in the midst of a $50 million capital improvements campaign. A new 7,000-square-foot lab suite should be ready for occupancy in the next two months.
“Life sciences companies will now have access to affordable, premier space in one large Brooklyn campus,” Mr. Tarvin said. “Tenants will also have access to the wealth of medical and academic centers in the area.”
Incoming biotech companies will join BAT tenants that run the gamut from social media firms and gourmet food purveyors and that are helping make Sunset Park a nexus of Brooklyn’s nu-manufacturing economy.