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Prevost Construction provides valuable services to biotech community

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The life science industry has been a primary focus of Prevost Construction since its founding in 1989. Completing tenant improvements in a variety of biotech, pharmaceutical and medical research facilities throughout San Diego County, Prevost Construction has earned a reputation among the life science community for innovative thinking, expert guidance and superior project results.

BioMed Realty Trust, a REIT focused on providing real estate to the life science industry, is one of Prevost's newest clients.

"Within our industry, there is a tremendous need for a general contractor that possesses the technical expertise to perform renovation work in a laboratory environment with precision, speed and sensitivity to budget constraints," said Pico Mina, director of real estate development for BioMed Realty Trust. "Prevost Construction has demonstrated its ability to meet the needs of our tenants in all of these areas and the company delivers a top-quality project."

A recent renovation of lab space for cancer research firm Apoptos.

In one of BioMed's newest acquisitions in the Torrey Pines area of La Jolla, Prevost Construction recently completed a 10,278-square-foot renovation of a chemistry and biology lab for cancer research firm Apoptos. It is now underway on AnaptysBio's 16,501-square-foot facility featuring a renovated biology lab, tissue culture rooms and executive office space.

"Prevost Construction is a superior contractor in every aspect," said Dr. Robert Peach, vice president of biology for Apoptos Inc. "The Prevost team managed the construction process very effectively, keeping us informed as the project moved along. We are very happy with the final product and would recommend Prevost Construction to anyone."

In 2007, Prevost was selected by Veralliance Properties, a corporate real estate solutions company focused on office and life science assets, in joint venture with BioMed Realty Trust, for a 16,923-square-foot build-out valued at $2.1 million for Scripps Health. A state-of-the-art facility, the new clinic screens patients and processes specimens for all of the Scripps Hospitals in the San Diego area. Prevost is now underway on a 20,000-square-foot conversion of lab space to office space for Neurocrine Biosciences (Nasdaq: NBIX), a product-based biopharmaceutical company that is consolidating operations within its two-building campus in Del Mar Heights. "Our roots in build-outs for companies in the life science industry run deep," said Jamie Prevost, president of Prevost Construction. "One of our company's first projects in 1990 was a 10,000-square-foot clean room for Block Medical in Carlsbad. The successful completion of this $600,000 project created a long-term relationship with equity partner Greg Sanckoff, who went on to acquire interests in medical instrument manufactures' River Medical and IVAC Corp. In a merger with IMED in 1994, Alaris Medical was formed and over 250,000 square feet of renovations were performed in several facilities throughout San Diego."

The company added that this relationship endured through most of the decade and produced in excess of $12 million in completed projects. The relationship eventually came to a close when Alaris was acquired by Cardinal Health in 2004.

"Long-term relationships are the foundation of our business success," added Prevost. "Our extensive experience in second and third generation remodel work in combination with our technical understanding of the life science industry has allowed us to formulate a well-built combination of skills and services that our clients can rely on."

Submitted by Prevost Construction

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