CREJ

Page 10 — Health Care & Life Sciences Quarterly — April 2022 www.crej.com LIFE SCIENCES Thank you to our outstanding clients for your trust and partnership. PF I ZER CAMPUS Boulder, Colorado 151,384 SF Debt placed on behalf of: Invesco MEDTRONI C CAMPUS Boulder, Colorado 453,537 SF Debt placed on behalf of: SteelWave jv Partners Group WI LDERNESS L I FE SC I ENCE CAMPUS Boulder, Colorado 74,340 SF Debt placed on behalf of: SteelWave jv Partners Group PF I ZER CAMPUS Boulder, Colorado 151,384 SF Sold on behalf of: Tritower Financial BOULDER LABS CONVERS ION Boulder, Colorado 48,162 SF Sold on behalf of: Ivy Real Estate MEDTRONI C CAMPUS Boulder, Colorado 453,537 SF Sold on behalf of: Crescent Real Estate SOMALOGI C HEADQUARTERS Boulder, Colorado 30,887 SF Sold on behalf of: Graham Street Real Estate 260 0 - 2620 TRADE CENTRE Longmont, Colorado 78,023 SF U/C on behalf of: Tritower Financial 7477 E DRY CREEK CONVERS ION Niwot, Colorado 125,516 SF Acquired on behalf of: DPC Companies 38TH STREET PORTFOL IO CONVERS ION Boulder, Colorado 155,821 SF Marketing on behalf of: Conscience Bay Company SOMALOGI C HEADQUARTERS Boulder, Colorado 30,887 SF Sold on behalf of: SteelWave jv Colony WI LDERNESS L I FE SC I ENCE CAMPUS Boulder, Colorado 74,340 SF U/C on behalf of: Aerotech Investments DEBT PLACEMENTS More than 1.1 M SF in Life Science Sales DENVER CAPITAL MARKETS INVESTMENT SALES HIGHLIGHTS Leading Colorado Life Science Capital Markets JOHN JUGL, JR. Vice Chairman, Western Region JOHN GUSTAFSON Director VAL DESPARD Director – Financial Analytics MORGAN DUNN Transaction Manager JACK GITLIN Research Analyst nmrk.com W hen clients ask us whether they can turn an existing office space into a laborato- ry, we always tell them the same thing: It depends. The truth is that we can’t offer a standard answer because whether an office space can quickly and afford- ably be converted into laboratory space depends on several variables. Recognizing the growing opportuni- ties in the Denver market for these conversions, our science and tech- nology team has developed a test-fit process aimed at readily identifying strong candidates for this type of conversion. While there are dozens of consider- ations folded into our test-fit process, we focus here on six key questions. n What kind of science will happen in this laboratory? This is the essen- tial question – the question whose answers inform everything else. Beyond simply identifying the sci- ences that a client anticipates happen- ing in this space, we need to discuss the relevant processes followed by the client’s investigators and tech- nicians as well as the equipment required in the space. Beginning with the what, we start with the end in mind. Laboratories typically are cat- egorized into “wet” and “dry” labs, with “dry” labs being defined as those where hazardous materials are not utilized. Wet labs typically require a higher level of complexity and sys- tems coordination to accommodate the science within. Additionally, understanding the scale of science will drive the possible design solu- tions. Large-animal research labs versus nanotechnology labs, for instance, are drastically different in the way we approach the design. Understanding what science is being done solves half of the equa- tion. The other half is understanding the how. Working with lab managers, we confirm all the steps through- out each laboratory process. The sequence of process and what is being done at each step allows us to determine the appropriate program- matic adjacencies and the most effi- cient layout for the occupants as well as the science. Outside of the laboratory, there also are process implications for the building and site, such as shipping and loading capacity. Shipping and receiving is a significant operation for some clients, so ensuring the proper truck access as well as the ability to move bulk materials or equipment through the building may be critical. n Do you have a detailed program or room data sheets? The more specific we can get, the better. At the test- fit stage, we are not finalizing the program, but we are exploring how specific requirements may or may not be served by an existing space. The more we know about a client’s specific needs, the more easily we can identify limitations of an existing space for laboratory conversion. Envi- ronmental criteria, bench quantities and types, structural and vibration criteria, electrical power and lighting requirements, plumbing and pro- cess systems, and equipment needs within the space are examples of information we gain early in the pre- liminary design process. n What needs to happen with the HVAC system? To support the science happening in nearly any laboratory environment, we are going to need to more airflow than the typical HVAC system can handle. For office-to-labo- ratory conversions, it’s not unusual to fully replace the mechanical system to meet those increased demands. Both wet and dry laboratory environ- ments make greater demands on a building’s HVAC systems than the typical office space, with enhanced requirements for air-change rates, precise temperature and humidity controls, differential pressurization and exhaust. While we’re talking about full 6 factors for an office-to-laboratory conversion Brian M. Konczak Director of science and technology, MOA Architecture Paul Gibson Senior project manager, MOA Architecture Whether an office space can quickly and affordably be converted into laboratory space depends on several variables. Please see Konczak, Page 17