HOUSTON | Levit Green Life-Sciences District

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Hines' new Levit Green life sciences campus near Texas Medical Center adds tenant

By Jeff Jeffrey – Senior reporter, Houston Business Journal
Apr 15, 2024

Houston-based Hines has landed another tenant for Levit Green, a 53-acre life sciences campus near the Texas Medical Center.

Pinehurst, Texas-based PranaX inked a lease for a 7,400-square-foot, turn-key lab space on the second floor of Levit Green’s Building 1 at 6420 Levit Green Blvd., Hines said April 15.

PranaX will move into its new space this week.

"PranaX’s groundbreaking work represents exactly the kind of innovation and collaboration that Levit Green was designed to foster,” John Mooz, senior managing director at Hines, said in a news release. “We recognized the need in the market to provide immediate, state-of-the-art research facilities and look forward to supporting PranaX in their mission to manufacture regenerative therapies."

PranaX’s business focuses on using exosomes, or membrane-bound extracellular vesicles, to confer regenerative therapies aimed at treating aging, inflamed and damaged tissue and organs.

The company recently entered into a technology licensing agreement with the University of Texas MD Anderson Cancer Center to commercialize exosomes as therapeutics, natural supplements and wellness products that can promote healthy aging.

The new space at Levit Green will serve as the headquarters of PranaX’s research and development and manufacturing operations.

“We are incredibly excited to establish our research and commercial operations within the world-class facility built by Hines at Levit Green," Steven Greco, founder and COO of PranaX, said in the release. “This is an amazing opportunity to retain technology developed locally and expand upon it within the Houston biotech ecosystem.”

Hines is working with PranaX to convert one of the lab’s support rooms into an ISO-7 clean room that meets Food & Drug Administration standards. The clean room will allow for PranaX to manufacture approved therapies for patients at the company's off-site clinic.

Additionally, PranaX will use the suite to offer exosome-banking services to support wound healing and initiate cell growth and development.

PranaX said this service aligns with the growing interest in personalized medicine and the potential for clinical breakthroughs in the treatment of serious medical conditions.