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Burnham contributes to growth in San Diego life science industry

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Since first representing Hybritech in 1981, the Burnham Life Sciences Group has built a business devoted exclusively to supporting and promoting the life science community.

"We are the only real estate team that specializes solely in the life science industry; we do not handle office, industrial or retail transactions," said Brent Jacobs, a principal with Burnham Real Estate and one of the original founders of the Life Sciences Group. "This specialized focus gives us a distinct competitive edge in helping our clients achieve their objectives. As a result, the Burnham Life Sciences Group handles more than 65 percent of all San Diego County life science real estate business."

In addition to Jacobs, the Burnham Life Sciences Group is also comprised of Greg Bisconti, associate vice president; and Brian Cooper, senior associate. "As a specialized group within Burnham Real Estate, we have immediate access to leading edge research and superior knowledge of the local marketplace," Bisconti said. "This allows us to provide our clients with the best information to help them make informed decisions. We are committed to providing our clients with unmatched value and expertise."

For the past 25 years, the Burnham Life Sciences Group has played a key role in the growth of the pharmaceutical industry in San Diego County, helping companies such as Hybritech, Biogen Idec (Nasdaq: BIIB), Amylin (Nasdaq: AMLN), Chugai (Roche), Eli Lilly (NYSE: LLY), CovX, Amira Pharmaceuticals, Cosmo Biosciences, CancerVax (Nasdaq: CNVX), Sequenom (Nasdaq: SQNM), and many others find space that meets their business strategy, location and laboratory requirements.

The group has assisted numerous non-profit research companies with their real estate needs, including The Burnham Institute and The La Jolla Institute for Molecular Medicine. The group is particularly proud to be a co-founder and active member of BIOCOM, San Diego.

As the only brokerage team in San Diego focused exclusively on the life sciences industry, the Burnham Life Sciences Group meticulously tracks and previews every available laboratory space in the market. Furthermore, the team is intimately familiar with every opportunity including those that are not openly on the market.

"We believe that unless a tenant's agent is versed in every lab space in the market, they cannot possibly underwrite the best opportunity and, ultimately, negotiate the best economics and terms for the tenant," Jacobs said.

"We strive to provide each company with an in-house level of service," Cooper said. "We thoroughly review the market; accurately qualify the requirement; audit the tenant's current lease for existing rights; and work under a fiduciary responsibility to get the tenant the best deal possible."

In addition to unmatched experience, the Burnham Real Estate Life Sciences Group transaction level provides leverage.

"When trying to establish 'fair market' terms for a transaction, it adds a lot to your credibility and strength when your team is behind two-thirds of the recent laboratory transactions in the market," Bisconti said.

Burnham Real Estate provides comprehensive real estate services to clients throughout the western United States. Headquartered in San Diego, the company has four regional offices in Southern California and one in Las Vegas. Company services include traditional brokerage along with corporate services, asset services, capital markets, advisory services, strategic corporate consulting and project management. The Burnham web address is www.burnhamrealestate.com.

Submitted by Burnham Life Sciences Group

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