Life sciences complex gets new tenants

Two life sciences companies have leased space at the PROTECS Innovation Center In Blue Bell, Montgomery County. The two-story, 50,000-squarefoot lab and life sciences building is owned by 4 Valley Square Group LP and is located at 512 Township Line Road. The leasing was arranged by CBRE.

KorGene, a market leader in developing targeted, molecular diagnostics, will occupy 8,259 square feet of the facility. ThirdLaw Technologies, a company with expertise in synthetic and computational chemistry, pharmaceuticals, biotechnology, biologics and medical devices, has committed to 4,808 square feet, according to a press release.

Paul Touhey, CBRE senior vice president and Cody Lehrer, CBRE vice president, represented the facility’s owners during the lease negotiations. Christopher R. DiPaolo, the principal of 4 Valley Square Group, is also the president and founder of PROTECS, LLC, a full-service national design/build and construction management firm focused on providing “regulated high-tech industries with professional services for R&D and manufacturing operations from project inception to full occupancy,” according to the release.

“The suburban Philadelphia life sciences real estate market has remained very strong during the COVID-19 pandemic,” Touhey said in the release. “These two tenants were attracted to the existing lab infrastructure and required quick occupancy of the space, a trend we are seeing more of

SUBMITTED PHOTO This artist’s rendering shows the interior of the PROTECS Innovation Center in Blue Bell — a 50,000-square-foot lab and life sciences building. Two tenants have signed leases for the center: KorGene and ThirdLaw Technologies. The building is currently undergoing renovations that are expected to be completed by the end of September.

SUBMITTED PHOTO This artist’s rendering shows the facade of the PROTECS Innovation Center in Blue Bell. The 50,000-square-foot lab and life sciences building has just signed two tenants.