Our services include:
- Trusted Advice + Life Science Market Evaluation
- Technical Evaluation of Buildings + Building Requirements
- Financial Feasibility Analysis
- Development Management (Owner’s Representative)
- Tenant Recruitment + Evaluation
- Tenant Project Management
- Scientific Events/Facility Programming
- Master Planning
THE RIGHT APPROACH
“Please accept my thanks for the development of McLean Hospital land… Our collaborative effort with the Town over the past three years was the right approach to negotiating a development plan with benefits for both the Town and McLean Hospital. We take great pride in the open and direct planning process we pursued with the people of Belmont.”
Bruce M. Cohen, MD, PhD, Former President, McLean Hospital; Professor, Harvard Medical School
The Trade-off Between Office Leasing and Conversion of Buildings to Life Science Use
“In 2018, we began a study process and engaged Nancy J Kelley + Associates to advise Hines about how we should think through the trade-off between office leasing and conversion of buildings to life science use… It makes a ton of sense to convert a building to life science use – $70 million positive to the NPV of office use over a 10-year period… It’s great to have another arrow in the quiver to attract life science tenants. But you have to do the homework building by building first, to get the conclusions as to how the building specs will align for life science leasing.”
Matt Ashbaugh; Managing Director, Hines
At 2018 NYC Life SciencesReal Estate
Development Symposium
Dedicated Service
“The Board of Selectmen and Belmont Town Meeting thank Nancy J Kelley for her dedicated service to the Town on the McLean Hospital Task Force and recognize her significant contributions to the long term benefits for the Town of Belmont. The McLean Land Use Plan will benefit the Town for generations by controlling development on the site, protecting over 100 acres of open space… The work of the Task Force was ultimately endorsed through support of the land use plan by a unanimous vote of the Board of Selectmen, by a two-thirds vote of the Town Meeting and a vote of 69% of the Town’s electorate.”
Proclamation from the Belmont Board of Selectmen, Town of Belmont, to Nancy J Kelley
Featured Project
The Cove JC is a global hub for life science, tech and medicine offering an unrivalled ecosystem for discovery that will become the premier flagship destination for academic and commercial life science, tech and medical entities in New Jersey and the Greater New York Metropolitan Area.
View Case Study
a global leader in technology and life sciences
“The Cove epitomizes our commitment to reigniting New Jersey’s innovation economy as a global leader in technology and life sciences. With the most educated workforce in the country and unmatched location, New Jersey is uniquely positioned to innovate and build the companies of the future.”
Governor Phil Murphy
New York Genome Center Lease Signing Ceremony
The buildout of the NY genome center was the first office to life science building conversion in the NYC. The facility’s features include:
- Over 170,000 square feet, including 30,000-square-feet of sequencing lab space
- A dedicated open-plan bioinformatics floor to encourage discussion and collaboration
- A data storage annex to safely store the immense amounts of data produced
- Research labs with space to host a number of principal investigators and their teams from various member institutions
- An Innovation Lab to develop new sequencing technologies
- A CLIA/CLEP lab to service clinical needs
- A modern, divisible conference center/event space with the capacity to hold 180 people for both NYGC and external events
NANCY J KELLEY ON EAST RIVER SCIENCE PARK
(Now Alexandria Center for Life Science):
“East River Science Park will be a multi-use commercial life science campus dedicated to translational innovation and synergy within New York’s larger scientific community, ultimately resulting in the acceleration of medical breakthroughs from the laboratory bench to the patient’s bedside. Our design provides a comprehensive, architecturally interesting urban vision for a ‘Science Park in the City,’ that is sensitive to the adjacent neighborhood and creates new, vibrant civic spaces that will attract people to the site. Together, these elements will combine with our vision to create an internationally recognized center which will be a striking environment acting as a hub of scientific and public activities that will support the discovery of leading edge treatments, resulting in significant improvements in healthcare and overall improved quality of life.”
Nancy J Kelley pioneered the first industry reports on the global and national life science industries.
Alchemy, 2004: Annual Review and Analysis of Real Estate Trends in the Life Science Industry. Editor, Senior Vice President and Managing Director. Spaulding & Slye Colliers and Colliers International. First of its kind Global Life Sciences Real Estate Report intended to assist decision makers from biotech and pharmaceutical companies along with research and health care institutions, to speed scientific advances from bench to bedside.
Elements, 2007: Annual Review and Analysis of Real Estate Trends in Life Science Industry. Editor and Chief Researcher. Follow on to Alchemy Report. Published by Colliers International.
Erwin Schrodinger; Austrian-Irish Physicist, Nobel Prize Winner