Baylor College of Medicine Signs as Anchor Tenant at Dynamic One Building in TMC Helix Park
Houston, TX (January 10, 2023) – Texas Medical Center (TMC) and Beacon Capital Partners (Beacon) announced today that Baylor College of Medicine (BCM) will serve as an anchor tenant of the Dynamic One building at TMC Helix Park. Dynamic One, the first of four TMC Helix Park industry buildings, developed by Beacon in collaboration with Zoë Life Science, topped off the North Tower in December 2022 with a scheduled Q4 2023 opening.
“Beacon is excited that Dynamic One will be our first entry into the fast-growing Houston Life Science market,” said Fred Seigel, President and CEO of Beacon. “This state-of-the-art environment is designed to enable and encourage collaboration and will greatly accelerate the innovative lifesaving discoveries that emerge when industry and academic research work side-by-side.”
The North Tower of Dynamic One is an integral component of TMC Helix Park, a world-class life science campus that will unite the best minds in medicine, science, academia, and commerce. Currently under construction, TMC Helix Park will include over 5 million-square-feet of developed space across 37-acres, with more than 18-acres of public green space. In addition to Dynamic One, Helix Park will welcome the opening of the TMC3 Collaborative Building, a leading-edge joint research facility, in 2023.
Dynamic One will deliver on Beacon’s promise to create an inspiring discovery space that also includes hospitality, programming, retail, and amenities. The 355,000-square-foot building will blend commercial life sciences and curated retail with affiliated academic and healthcare institutions, creating space to push the boundaries of human potential.
“Baylor College of Medicine moved to Houston in 1943 and was the first institution built in the Texas Medical Center. Our researchers and scientists will have the opportunity to access the uniquely concentrated research environment being developed at TMC Helix Park, facilitating the continuing advancement of innovation and compassionate care,” said Paul Klotman, MD, President & CEO and Executive Dean of Baylor.
As an anchor tenant of Dynamic One, Baylor College of Medicine will lease 114,000 square-feet of lab and office space, increasing the depth and breadth of its research capacity. Baylor’s goal with this expansion is to concentrate highly innovative labs, focused on novel diagnostics and therapeutics for instance, with space to house start-up companies. Baylor is the number one NIH-funded institution in the TMC and in the State of Texas and Baylor’s goal is to continue to grow its research portfolio, industry partnerships and collaborations, as well as entice newcomers to join in the life sciences growth in Houston.
“Baylor College of Medicine is a major force in life sciences discovery and commercialization at TMC. Their move to TMC Helix Park will serve as a catalyst for enhanced collaboration with TMC’s other esteemed Institutions, as well as with industry leaders from around the world,” said Bill McKeon, President and CEO of TMC.
About Texas Medical Center
TMC, the world’s most comprehensive life science ecosystem—is at the forefront of advancing life sciences. TMC is on a mission to further accelerate the pace of healing by harnessing our collective expertise in innovation, research, development, production, and patient care within a single, centralized medical ecosystem. With over 70+ million square feet and 120,000+ employees, TMC is leveraging the collective power by pioneering a revolutionary life sciences initiative to house the entire treatment of life cycle from discovery to delivery, within a single, world-class medical complex, on a scale never before seen.
About Beacon Capital Partners
Beacon Capital Partners (“Beacon”) is a leading private real estate investment firm, owning and operating office and life science properties. The firm has a 75-year legacy of successful real estate development, management, and transformation of workplaces. Since 1998, Beacon has raised ten commingled investment vehicles, as well as multiple joint venture vehicles and co-investments, totaling over $19 billion of equity capital commitments from public and corporate pension funds, financial institutions, endowments, foundations, and other U.S. and non-U.S. institutional investors. Today, Beacon manages over $14 billion of real estate and owns and operates a portfolio spanning more than 29 million square feet across 14 U.S. markets.
Beacon’s experienced team creates workspaces that inspire creativity, collaboration, and innovation across a broad range of tenants and industries. The team uses disciplined property selection and innovates with design-driven transformation, curated tenant amenities and experiences, and a strong focus on tenant service to create properties that attract today’s tenants. Headquartered in Boston, Beacon has offices and market-focused teams in eight major US cities.
Beacon supports building a sustainable and inclusive future. The firm has been recognized as ENERGY STAR Partner of the Year for eleven consecutive years and has certified nearly 60M sf of LEED office space. Beyond sustainability, Beacon’s Funds 7 and 8 and a portfolio of Beacon JV assets all achieved five-star ratings (top 20%) in the GRESB assessment in 2022 and Beacon has been designated as a Fitwel champion. For more information, please visit www.beaconcapital.com.
About Baylor College of Medicine
Baylor College of Medicine (www.bcm.edu) in Houston is recognized as a health sciences university and is known for excellence in education, research and patient care. It is the only private medical school in the greater southwest and is ranked 22nd among medical schools for research and 16th for primary care by U.S. News & World Report. Baylor is listed 20th among all U.S. medical schools for National Institutes of Health funding and No. 1 in Texas. The Baylor pediatrics program ranked 8th among all pediatric programs, reflecting the strong affiliation with Texas Children’s Hospital where our faculty care for pediatric patients and our students and residents train. Nationally our physician assistant program was ranked 3rd in the health disciplines category and our nurse anesthesia program ranked 2nd. Located in the Texas Medical Center, Baylor has affiliations with seven teaching hospitals and jointly owns and operates Baylor St. Luke’s Medical Center, part of CHI St. Luke’s Health. Currently, Baylor has more than 3,000 trainees in medical, graduate, nurse anesthesia, physician assistant, orthotics and genetic counseling as well as residents and postdoctoral fellows.