Warren Avenue Investors
Creating Space for Life InnovationTM

Matthew McDevitt, Warren Avenue Investors | Healthcare Business Review | Top Healthcare Real Estate Services CompaniesMatthew McDevitt, CEO and President

Life sciences companies and research institutions have unique requirements for their mission-critical laboratory facilities. As these organizations grow, the need to secure spaces that fit their needs and allow for easy expansion within budget and on schedule becomes paramount.

Warren Avenue Investors, a pure-play life sciences real estate developer, specializes in providing space for these innovative companies and institutions. Their deep understanding of the complex nature of these facilities is vital for their life science tenants’ operations and success. With a focus on high-quality locations and adaptable spaces, Warren Avenue keeps their tenants’ evolving needs at the forefront of their mission. From start-ups to large corporations, Warren Avenue’s 30+ year history in the space sets them apart from the field.

Other core competencies include in-house property and construction management services, which vary greatly from typical office or industrial buildings. Their strong institutional relationships allow Warren Avenue the ability to provide the necessary capital for substantial investments in tenant spaces, which has been a common misstep among new entrants into the life science real estate space.

“We have built a track record of constructing millions of square feet of cutting-edge laboratories and understanding the pitfalls,” says Matthew McDevitt, CEO and President of Warren Avenue Investors.

With over three decades of experience developing and transforming spaces for the life sciences sector, Warren Avenue comprehends the intricacies of power, HVAC, and plumbing systems and the fundamental infrastructure necessary for operating a laboratory. The company adeptly tailors facilities to meet essential requirements—such as ceiling height, floor load capacity, layout, and loading docks—a few aspects that are critical for life science facilities. In recent years, new entrants to the space have found success in converting office buildings to laboratories, and while Warren Avenue has experienced their own success, it is important for tenants to align themselves with experienced operators who will not attempt to convert a building that does not have the necessary characteristics.

Unlike other property types, contact with tenants is critical when it comes to healthcare real estate. From design to operations, constant communication ensures tenant facilities meet the needs of the life sciences industry, positioning Warren Avenue at the forefront of scientific innovation and discovery.

Over the years, we have built a track record of constructing millions of square feet of cutting-edge laboratories, and understand the pitfalls

Throughout their history, Warren Avenue has continuously prioritized the needs of the tenants above all else, which has helped cement them as a top provider of life science real estate. In one notable instance, an existing tenant needed more space to support their rapidly expanding operations. Warren Avenue was able to work directly with the company and facilitate an expansion adjacent to their existing laboratory by terminating another in-place tenant—even at the cost of additional investment on behalf of Warren Avenue and a loss of rental income over the short term. However, this allowed the company to support their growing business without the need to shut down or relocate their current operations.

Warren Avenue’s proactive and strategic approach to adapting to urgent space needs highlights their unwavering commitment to facilitating success and advancement in the dynamic realm of life sciences. Focusing primarily on key markets along the East Coast and Texas, Warren Avenue will take a tactile approach as they expand into select West Coast markets.

Driven by their dedication to reshaping the healthcare real estate landscape through innovative and specialized space solutions, Warren Avenue stands as a sought-after premier ally for life science enterprises and research institutions.