Thursday, July 14, 2022

BioLabs To Expand Footprint in Center City Philadelphia

BioLabs, an incubator for life sciences companies, is expanding its presence in Center City Philadelphia by leasing additional space at Keystone Development + Investment's mixed-use property The Curtis.

Currently occupying 23,378 square feet at the 912,245-square-foot mixed-use property, BioLabs will expand by 30,151 square feet, totaling 53,529 square feet at the property. BioLabs' new lease will commence early 2023.

The Curtis is located at 601 Walnut St. in Center City near Independence Hall. The building was originally constructed in 1910, according to The Curtis' website.

In the past two years, Keystone has spent over $70 million in converting 200,000 square feet of traditional office space at The Curtis into labs. Keystone is looking to convert another 300,000 square feet of traditional office to life science space as well.

The Curtis' other life sciences tenants include Aro Biotherapeutics, Imvax Inc. and Vivodyne.

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