Houston, TX (January 29, 2024) – Texas Medical Center (TMC) and Beacon Capital Partners (Beacon) announced today that Houston Methodist has signed a 75,800-square-foot lease at the Dynamic One building at TMC Helix Park. Dynamic One, the first of four industry buildings, developed by Beacon in collaboration with Zoë Life Sciences, opened its doors in November 2023.

Houston Methodist is the second institution to sign at Dynamic One, joining anchor tenant Baylor College of Medicine, who announced plans to lease space at the beginning of 2023. Houston Methodist plans to continue its rapid translational research growth trajectory by adding two full floors of state-of-the-art biomedical research laboratories. The initial Houston Methodist research programs to occupy this space will include cardiovascular sciences, orthopedics and RNA therapeutics.

“We are always focused on translating innovative medical discoveries into viable therapies for patients. 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,” said Edward A. Jones, president and CEO, Houston Methodist Research Institute.

Continuing Beacon’s commitment to craft an inspiring discovery environment complemented by hospitality, programming, retail, and amenities, the 355,000-square-foot building will seamlessly integrate commercial life sciences and curated retail alongside partnered academic and healthcare institutions, creating space to push the boundaries of human potential. Dynamic One will deliver three Beacon Ready Labs ranging from 9,000 to 15,000 square feet in summer 2024. These move-in-ready labs and offices prioritize flexibility and speed, allowing tenants to move in quickly and grow with time.

“Beacon is proud to welcome Houston Methodist to Dynamic One at TMC Park, a state-of-the-art facility designed to enable and encourage leading life science discovery and collaboration,” said Fred Seigel, President and CEO of Beacon. “Our rewarding partnership with Texas Medical Center resulted in the creation of one of the most ambitious life science projects in the world. It is bringing together the best institutions and brightest minds in clinical care, research, and industry, which is highlighted by the addition of the Houston Methodist Research Institute to Helix Park.”

TMC Helix Park officially opened to the public in October 2023 with the launch of the TMC3 Collaborative building, a leading-edge joint research facility. The 37-acre life science campus is intentionally designed to foster collaboration among the best minds in medicine, science, academia, and commerce. TMC Helix Park encourages institutions to engage in unprecedented collaboration to advance the pace of discover and develop life-changing therapies and cures. In addition to over five million square feet of developed space, the campus includes more than 18 acres of public green space across six unique parks that are open to the public today. All ground floor and park space at Helix Park is designed to be open to the public and will be home to diverse events and programming.

“We are excited to welcome Houston Methodist to this space; their commitment to bench to bedside innovation and track record of transformative new discoveries aligns with our vision for the campus,” said William McKeon, President and CEO, Texas Medical Center. “Beacon Capital has been an outstanding partner in the development of TMC Helix Park, lending their insights to our efforts to design a campus that would seamlessly blend institutions and industry.”

Dynamic One is located in the center of Helix Park and features a multi-purpose lounge and event space on the seventh level with an expansive outdoor terrace, a boutique fitness center, 24/7 security, additional lab storage, oversized loading docks, and direct MetroRail route access.

Transwestern’s Eric Johnson, Lisa Bovermann, and Kaitlyn Harp represented the landlord, Beacon Capital Partners, and Scott Carter of CBRE represented the tenant, Houston Methodist, in lease negotiations.

About Texas Medical Center

TMC, the world’s most comprehensive life science ecosystem—is at the forefront of advancing life sciences. TMC is on a mission to further accelerate the pace of healing by harnessing our collective expertise in innovation, research, development, production, and patient care within a single, centralized medical ecosystem. With over 70+ million square feet and 120,000+ employees, TMC is leveraging the collective power by pioneering a revolutionary life sciences initiative to house the entire treatment of life cycle from discovery to delivery, within a single, world-class medical complex, on a scale never before seen.

About Beacon Capital Partners

Beacon Capital Partners (“Beacon”) is a leading private real estate investment firm, owning and operating office and life science properties. The firm has a 75-year legacy of successful real estate development, management, and transformation of workplaces. Since 1998, Beacon has raised ten commingled investment vehicles, as well as multiple joint venture vehicles and co-investments, totaling over $19 billion of equity capital commitments from public and corporate pension funds, financial institutions, endowments, foundations, and other U.S. and non-U.S. institutional investors. Today, Beacon manages over $14 billion of real estate and owns and operates a portfolio spanning more than 29 million square feet across 14 U.S. markets.

Beacon’s experienced team creates workspaces that inspire creativity, collaboration, and innovation across a broad range of tenants and industries. The team uses disciplined property selection and innovates with design-driven transformation, curated tenant amenities and experiences, and a strong focus on tenant service to create properties that attract today’s tenants. Headquartered in Boston, Beacon has offices and market-focused teams in eight major US cities.

Beacon supports building a sustainable and inclusive future. The firm has been recognized as ENERGY STAR Partner of the Year for eleven consecutive years and has certified nearly 60M sf of LEED office space. Beyond sustainability, Beacon’s Funds 7 and 8 and a portfolio of Beacon JV assets all achieved five-star ratings (top 20%) in the GRESB assessment in 2022 and Beacon has been designated as a Fitwel champion. For more information, please visit www.beaconcapital.com.

About Houston Methodist Academic Institute

Houston Methodist Academic Institute oversees the Education Institute and Research Institute, including 742 faculty and 41,570 learners. The Academic Institute aligns our research and education initiatives in service to the clinical mission, providing solutions that answer the call for new technologies and skills our clinicians need for patient care.

Houston Methodist Education Institute coordinates our primary academic affiliation with Weill Cornell Medicine and other joint programs, including the Engineering Medicine Program at Texas A&M University Intercollegiate School of Engineering Medicine. The Education Institute also oversees continuing medical education and graduate medical education and supports more than 1,000 trainees in residence for medical, nursing, allied health and research education programs.

Houston Methodist Research Institute supports research programs and infrastructure that enable faculty across the system to bring new scientific discoveries to patients as rapidly as possible through the full cycle of a cure from conceptual bench research, to prototyping and development, to clinical trials and FDA approval. The Research Institute supports more than 1,387 clinical research protocols and $70.3 million in extramurally funded translational research programs.