HOUSTON – October 22, 2024 – Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, has represented Nucleus Radiopharma in leasing two new industrial life sciences facilities in Pennsylvania and Arizona. These properties will serve as critical locations for the company’s contract development and manufacturing of radioligand therapies, a groundbreaking cancer treatment modality. Once operational, these sites will allow Nucleus to more fully realize its commitment to a nationwide network capable of serving the ever-growing demand for theranostics across the United States.
Nucleus, the first fully integrated development, manufacturing, and supply chain organization dedicated to the production of radioligand therapies at scale, has signed two leases totaling more than 100,000 square feet. These leases will enable the company to continue its mission of developing and distributing lifesaving therapies for patients battling advanced forms of cancer.
The first lease, for 47,194 square feet, is located at Spring House Innovation Park, Building 14B at 727 Norristown Road in Ambler, Pennsylvania, part of the R&D East Montgomery County submarket in Lower Gwynedd. The second lease, for 52,801 square feet, is located at MET 202, Building A-3431, at 3431 South Crimson Road in Mesa, Arizona, in the rapidly growing Mesa submarket. These facilities are in addition to the first site in Rochester, Minnesota, that will come online in early 2025.
Stream Senior Associate Zach Leger from Stream’s Houston office spearheaded both transactions on behalf of Nucleus, with the assistance of Senior Vice President James Cohn from Stream’s Phoenix office for the Mesa deal.
“It was a privilege to represent Nucleus Radiopharma in securing these two specialized facilities, which were carefully selected to meet their unique operational needs. Being able to play a part in bringing the promise of new cancer therapies to millions of people is why I do what I do,” said Leger. “Both locations provide the infrastructure and flexibility necessary to support their growth in radioligand therapies while also positioning them strategically for future expansion.”
Spring House Innovation Park, a 133-acre campus, offers a blend of lab, office, and cGMP spaces across 11 buildings totaling 600,000 square feet, making it an ideal location for Nucleus’ clinical trial and commercial manufacturing activities. The newly rebuilt Building 14B met the company’s stringent requirements for aseptic manufacturing and distribution of radioligand therapies.
Meanwhile, MET 202, a 783,000-square-foot industrial park on 56.5 acres, provided the flexibility needed for future expansion or collaboration. Its proximity to major transportation routes, such as Loop 202, makes it a strategic choice for Nucleus’ growing operations.
“Zach’s efforts were instrumental in helping us find the right facilities to expand our manufacturing network and bring the promise of theranostic radiopharmaceuticals to millions more patients across the country who can benefit from advances in cancer treatment,” said Charles Conroy, CEO of Nucleus.
In addition to Stream’s efforts, a number of key partners, including Beacon Capital and CBRE in Pennsylvania and Eisenberg Company and JLL in Arizona, contributed to the successful negotiation and development of these facilities.
Spring House Innovation Park was represented by CBRE’s Matthew Knowles, Paul Thouey, and Cody Lehrer, while project management for Nucleus was led by Mike Wodjewodka and Hank Merrill of MRA. MET 202 was represented by JLL’s Steve Larsen, Jason Moore, and Bill Honsaker. John Doumitt of Allied Isotopes, Inc. served as an advisor for Nucleus on both transactions.
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of leasing, investment and development services. This includes tenant and landlord representation, Legendary CX property management, capital markets, investment management and sales, construction, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas with operations in core markets coast to coast. Since 1996, Stream has grown to more than 1,400 professionals and now completes annual transactions valued at more than $8.8 billion in office, industrial, retail, healthcare, land, and data center properties. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook.
