June 6, 2019
MLP Ventures, which specializes in repurposing legacy corporate and government properties, has launched The Discovery Labs, a co-working ecosystem for the healthcare, life sciences and technology sectors.
The new platform’s first project is a $500-million, 1.6-million-square-foot campus encompassing two legacy properties in Pennsylvania’s Montgomery County: GlaxoSmithKline’s Upper Merion West Campus and the Innovation at Renaissance Campus in King of Prussia.
“The Discovery Labs is 20 times larger than the average co-working space, such as WeWork, and provides the mission critical infrastructure needed to operate healthcare, life sciences and technology-enabled companies,” said CFO Audrey Greenberg of The Discovery Labs. “The size of each Discovery Labs enables enterprise level companies to work side by side with startup and emerging companies and enjoy the benefits of the co-working phenomenon.”
The project has already amassed a substantial tenant roster, including Children’s Hospital of Philadelphia, Thomas Jefferson University, GlaxoSmithKline, Tosoh Biosciences, Crown Castle and MedRisk.
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