HATCHspaces® Joins NexCore Group to Form a National Platform for Domestic Life Science Real Estate Development

DENVER AND LOS ANGELES–(BUSINESS WIRE)–NexCore Group, a national developer and investor in healthcare real estate, and HATCHspaces, LLC, a developer and operator of life sciences real estate, announced a strategic platform to expand their portfolio of life sciences assets. nationwide life. The platform expansion will provide state-of-the-art laboratories, offices, manufacturing facilities and other support facilities and infrastructure to the life sciences industry. With a focus on curating key intellectual property and emerging technologies in specific regions, the platform will focus on companies emerging from academic and incubator environments to support early-stage life science clusters. .

The partnership’s portfolio already includes over $100 million of life science properties in West Los Angeles, Irvine and Boulder, with several more properties under development in various bioscience clusters across the country. NexCore Group and HATCHspaces expect the platform to grow exponentially over the next few years.

The depth of portfolio and experience of the NexCore Group spans the entire country, with a long history of providing high quality technical expertise to hospital systems, private operators and other healthcare entities, establishing ongoing partnerships and relationships to improve health care delivery.

Similarly, HATCHspaces economic development and science-centric approach has focused on providing communities and scientists with the key infrastructure to develop and sustain an industry that delivers robust job growth throughout of careers, from technicians to doctorate holders.

Todd Varney, Managing Partner and Chief Development Officer of NexCore Group, said, “The HATCHspaces team has done a tremendous job building a brand around the missing needs of start-ups and growing science clusters. Their relationship focus is aligned with the NexCore Group philosophy of building partnerships across the healthcare industry. We plan to build on this momentum by continuing to expand the brand into new markets. »

The continued growth and maturation of the life sciences industry in multiple markets across the country reflects both the resilience and market acceptance of the sector. Various trends in venture capital, outsourcing of manufacturing and government-funded research are bolstering advances in life science discovery, a trend HATCHspaces recognized six years ago with its innovative approach to provision of laboratory facilities through its HATCHlabs, HATCHx, HATCHmfg and HATCHcampus platforms. The NexCore Group also takes a cross-collaborative approach to the provision of specialist facilities.

“The life sciences industry has been exceptionally receptive to our platform approach of providing purpose-built lab space, says Howard Kozloff, co-founder and partner of HATCHspaces. “Formalizing our relationship with NexCore,” continues Kozloff, “allows us to expand our reach both in Southern California and beyond the other 20 major life sciences clusters nationwide.

HATCHspaces co-founder and partner Allan Glass adds, “Our goal is to develop long-term relationships with our tenant-partners and grow with them to meet their needs. Glass further states, “NexCore is a nationally recognized leader in healthcare real estate. Their success in fostering relationships with some of America’s most influential healthcare systems is aligned with HATCHspaces’ approach to life sciences. We are delighted to be part of their team. and to bring this expertise and experience to the life sciences industry.

About NexCore Group LLC

NexCore Group is a national healthcare real estate investment and development company focused on the acquisition, development, ownership and management of healthcare facilities, including medical office buildings, wellness facilities, ambulatory surgery centers, multi-specialty physician buildings, life science facilities, seniors. residential communities and transitional rehabilitation centers. NexCore partners with top healthcare systems, hospitals, physician groups, and assisted living, memory care, and post-acute care operators, as well as reputable institutional and high net worth investors to develop, acquire and own high quality assets that serve their communities through significant job creation and the provision of quality health services. Since 2004, the NexCore team has completed $4.7 billion in healthcare real estate transactions in 29 states, developed and acquired more than 14.3 million square feet of healthcare properties across the country and currently manages more than $2.9 billion in healthcare facilities covering 7.3 million square feet. The company has been repeatedly recognized as one of the top healthcare developers in the United States by Modern healthcare and HREI. NexCore is headquartered in Denver, with regional offices in Chicago; Bethesda, Maryland; Portland, Oregon; Dallas; Orlando, Florida; Laguna Niguel, California; and Indianapolis. For more information, please visit NexCoreGroup.com.

About HATCHspaces®, LLC

HATCHspaces, LLC is a Los Angeles-based real estate development platform that aims to simplify the process of scientific innovation by creating specialized life science facilities for companies emerging from university networks and incubators. With properties in various regional submarkets, HATCHspaces® The mission is to provide the life science community with state-of-the-art laboratory facilities at various scales, enabling regions to retain early-stage bioscience and biotechnology start-ups emerging from research environments.

About Ren Valdez

Check Also

Croatia Airlines presents its winter network with two new routes

Croatia Airlines has finalized its network for the 2022/2023 winter season which starts on October …