West End Labs, Elevate Research Properties’ just-completed life sciences center at 125 West End Ave., signed its first tenant. Graviton Bioscience, a developer of therapeutics to treat autoimmune diseases, leased 30,000 square feet in the new, 400,000 square-foot building.
Graviton will use the space as its new research and office headquarters. The asking rent was $125 per square foot.
Elevate president Matthew Weir said, “We are excited to announce the opening of New York City’s premier lab building and we are thrilled to welcome Graviton Bioscience as our first tenant partner. This combination of milestones has created great momentum for the project and the New York life sciences market as a whole.”
Elevate Research Properties is a subsidiary of Taconic Partners. The eight-story laboratory and research facility was constructed on the bones of a 1920s showroom for Chrysler Corporation. The new design boasts a landscaped roof deck and “The Helix,” a former automobile ramp repurposed as a series of collaborative work spaces.
Elevate also developed Iron Horse Labs at 309 E. 94th St., named for Yankees great Lou Gehrig who was born at the address.
[Written in collaboration with other media outlets with information from the following sources]
