ISTP, 8025 Lamon Ave. Skokie, Il 60077

ISTP Campus Improvements

The transformation of the ISTP campus draws inspiration from the fusion of science and nature, reinforcing the campus’s commitment to wellness and sustainability. Updated common areas are designed to promote physical activity, social interaction, collaboration and a sense of connection in a dynamic scientific setting, marking a new chapter in the campus’s evolution.

The dramatic four-story atrium at the heart of the campus is anchored by a vertical volume of stacked meeting spaces clad in wood slats. Thoughtful lighting upgrades help define the architectural volume, while moveable furniture allows the large space to seamlessly transition from a third workplace to hosting informal gatherings and community events.

Hospitality-inspired areas for relaxation provide a comforting escape from structured lab environments. The redesign also extends to the auditorium and conference center, equipped with new technology, while refreshed locker rooms and restrooms feature spa-like amenities to further enrich the user experience.

Sustainability is a key focus of the design, with recycled content and carbon-neutral products prioritized in material selection. Biophilia-themed furnishings and finishes, along with carefully selected art pieces throughout the campus support the concept of scientific journey.

To learn more about ISTP leasing options, click here. 

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Cour Pharma Expands at ISTP

To meet the increasing demand for medical research space in the Chicagoland area, Cour Pharmaceuticals’ life science and emerging biotechnology footprint is expanding within the Illinois Science and Technology Park in Skokie, Ill. With the addition, Cour Pharmaceuticals now leases around 25,000 sq. ft. in the park.

COUR Pharmaceuticals is developing first-in-class therapies designed to reprogram the immune system to achieve antigen-specific tolerance for immune-mediated disease. COUR’s platform of immune-modifying nanoparticles treats the root cause of immune disease, unlike traditional approaches, which only minimize symptoms using toxic immune suppression.

“Continued rapid growth for high-potential life science startups are emerging in Chicago and in addition to talent, life sciences companies like COUR will continue to need access to more specialized wet and dry lab space along with capital,” said COUR Pharmaceuticals CEO John Puisis.

 

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NU Record Research Funding

Northwestern Research Funding- Record $893M.  Northwestern University’s research enterprise once again demonstrated strong performance, with annual sponsored funds reaching a new record high of $893.4 million for the fiscal year that closed Aug. 31. This represents an increase of 1% from last year’s total and continues a decade-long trend that has positioned Northwestern among the nation’s most prestigious research institutions. Since 2011, the University’s research funding has increased more than 74% as Northwestern approaches $1 billion in sponsored support, a feat achieved by only its top academic peers.

“The remarkable depth and breadth of Northwestern research continues to make a huge positive impact, transforming entire fields and strengthening society,” Milan Mrksich, vice president for research. said. “As we continue to go from strength to strength — including important investments in our entrepreneurial and innovation ecosystem to increase translation — we will enhance our already superb research enterprise to keep elevating Northwestern’s reputation as a premier destination for the best scholars, scientists and students in the world.”

“Our research portfolio now includes a higher percentage of larger, complex awards, reflecting the collaborative approach to research that Northwestern fosters,” said Shandra White, executive director of Sponsored Research. “Having diverse projects within Northwestern’s research landscape is vital, along with the robust infrastructure to support the complexity of those high-impact investigations.”

For more about NU, click here.

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CMO Leadership Awards

Vetter was granted the 2021 CMO Leadership Awards in five core categories – quality, expertise, compatibility, capabilities, and service. Winning five core categories reaffirms Vetter as a trusted solution provider, particularly during globally challenging times.

“Yet again, Vetter is honored to be a winner of the CMO Leadership Awards as determined by our most important judges – our global customers,” said Vetter Managing Director Peter Soelkner. “This recognition is of particular importance given the challenging and turbulent times we are all experiencing with the global Covid-19 pandemic.” Carsten Press, Vetter’s Senior Vice President Key Account Management/Supply Chain Management/Marketing added, “Winning this award in five key categories is a direct reflection of what we strive to project to our customers. It further demonstrates our stable performance for them and especially their patients.”

Unlike other awards where an application process takes place, winners of the CMO Leadership Awards are chosen according to a customer ranking system. The basis for this is their hands-on experience with the service providers they have actually worked with. Using this method of validation means results are not able to be influenced in any manner. As such, the awards honor true customer performance and signify that winning companies have distinguished themselves through a leading level of support for the needs of their pharma and biotech customers.

To read the entire release, click here

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Demand for Lab Space

A surge in life sciences funding has spiked the demand for lab space. While the pandemic and the race for a vaccine certainly accelerated investor interest, it was already ignited by ongoing breakthroughs in immuno-oncology, neonatology and other technological advances. What’s more, investment in the sector has translated into commercial real estate leasing in a clear and direct way.

This has impacted leasing. In the major U.S. life sciences markets, total vacancy has decreased by 250 basis points between 2015 and 2020, from 9.8 percent to 7.3 percent. The pandemic is a major driver of the increased government funding. In the U.S., Project Warp Speed sent billions toward COVID-19 research and biomanufacturing with the intent of bringing a vaccine to market.

These transactions bring with them a plethora of life sciences jobs, which can also spur development of housing, retail and other urban amenities that serve the people who live and work in the knowledge center.

“Every time there is a funding round, it’s only a matter of months before these companies are looking for new space,” says Travis McCready, Executive Director, US Life Sciences Markets, JLL. “When companies get VC money, they need lab space in order to deliver as soon as humanly possible. Life sciences have an outsized impact on development in the surrounding area when compared to other sectors,” McCready says. “In a sense, increased investment in life sciences is the tide that lifts all ships” To learn more from JLL, click here.

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8-Story Hotel In Downtown Skokie

The 142-room Homewood Suites by Hilton is planned for the northeast corner of Oakton Street and Niles Avenue. The deal calls for the developer to present proof that a hotel at least as prestigious as a Homewood Suites plans to operate at the site for at least 15 years.

The hotel is set to include 30,000 square feet of retail space on its ground floor and rooftop and about 10,000 square feet of banquet and event space.

Corporation Counsel Michael Lorge said the project will be a positive addition to the under-construction 8000 North development about 1,000 feet to the west on Oakton Avenue.  “The addition of a hotel to the downtown area is an important and a commanding addition to the economic development already going on in downtown Skokie, and it provides great resources for the surrounding corridor,” Lorge said ahead of the project’s approval at the Dec. 7 village board meeting. “It is also an important addition to the Illinois Science and Technology Park, which needs hotel accommodations for its tenants.”

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