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Houston Methodist leases 75K-SF in TMC's Helix Park campus for new research laboratories

By Jishnu Nair – Reporter, Houston Business Journal
Jan 29, 2024

One of Houston’s largest health care systems is moving some of its research programs into the Texas Medical Center’s new Helix Park campus as it continues its focus on innovation.

Houston Methodist signed a 75,800-square-foot lease at Dynamic One, one of four industry research buildings on the 37-acre Helix Park campus, for new research laboratory space. Transwestern, which handles leasing for Dynamic One, said the lease spans two floors in the building.

The health care system will move its cardiovascular sciences, orthopedics, and RNA therapeutics programs to Dynamic One to occupy the research space.

“We are always focused on translating innovative medical discoveries into viable therapies for patients,” Edward A. Jones, president and CEO of Houston Methodist Research Institute, said in a statement. “These highly entrepreneurial programs, which translate these discoveries to the bedside, are a natural fit within the emerging biotechnology ecosystem that the TMC is cultivating.”

Dynamic One, which opened late last year as part of Helix Park’s first phase, was developed by Boston-based Beacon Capital Partners in collaboration with Zoe Life Sciences. Houston Methodist is the building’s second tenant after Baylor College of Medicine, which signed a lease for 114,000 square feet as Dynamic One’s anchor tenant in January 2023.

Transwestern confirmed to the Houston Business Journal that Dynamic One is 57% leased after Houston Methodist’s signing. Beacon Capital said it will unveil three new Beacon Ready Labs, which include laboratory and office space, this summer. The new labs will range from 9,000 to 14,000 square feet.

The lab space will be Houston Methodist’s latest investment in its research capacity following the health care system’s opening of its technology hub in the Ion last year. That space is designed to simulate patient environments, such as a doctor’s office, and to explore the use of new technologies.

Houston Methodist is also making innovation a focus for its newest hospital in Cypress. The hospital, which is set to open in 2025, will include 400 beds and telehealth and virtual health applications pioneered at Houston Methodist’s Center for Innovation at the Texas Medical Center.

Dynamic One opened alongside the four-story TMC3 Collaborative Building in October. The Collaborative Building houses the TMC’s headquarters and 30,000 square feet of lab and office space for Chicago-based venture capital firm Portal Innovations. Additionally, three TMC member institutions — the University of Texas M.D. Anderson Cancer Center, Texas A&M University and the University of Texas Health Science Center at Houston — have over 24,000 square feet of overlapping lab and office space on the building’s highest floor.