16.7M sq. ft. of space managed globally & advised on transactions of 5M sq. ft. of space
IFM savings to date total more than $10.6M
U.S. & Puerto Rico, LATAM and APAC regions
Rising to the challenges of managing a complex life sciences real estate portfolio
As the organization continues to grow its global footprint and integrate newly acquired companies, they found that managing numerous office, research and development (R&D), manufacturing and distribution facilities has become increasingly complex. Meanwhile, the company also faces market pressure to lower costs, improve compliance and advance sustainability goals.
To address the real estate challenges associated with its growth, the organization partnered with JLL to create a “One Team” approach across disparate business units, locations and departments. This approach by JLL includes:
Advising the firm on transactions totaling more than 4 million square feet and 90 acres in North America, as well as more than 1.6 million square feet throughout the rest of the world.
Assistance in managing the company’s expanding real estate portfolio by conducting consulting studies to determine where it makes sense to consolidate locations or locate new manufacturing facilities.
Amid intense demand for high-quality research space and amenity-rich workplaces, JLL’s relationships with landlords have helped this partner secure space and achieve favorable pricing in competitive life sciences markets including Silicon Valley and San Diego.
“The five-year IFM partnership with JLL has driven continuous improvement in safety, cost effectiveness and consistent performance throughout the company’s facilities, with total savings to date approaching $10.6 million.”
Continued partnership to drive advances in global healthcare
As this leader in medical devices and diagnostics continues on its path of growth, innovation and evolution, executives are exploring new ways to consolidate lab facilities and future-proof its workplaces for tomorrow’s talent. With recently extended contracts, JLL will continue to provide support as “One Team” across departments and locations, helping the company centralize activities across its expanding real estate portfolio.
Looking to centralize your real estate transactions or facilities management? Learn more about how JLL can help by contacting us directly here.