Business Details
39 Years
experience
Your Trusted Partner for Life Science Real Estate Solutions
At Phase 3 Real Estate Partners (P3RE), we are dedicated to shaping the future of life science innovation through purpose-built environments. With over 28 years of specialized expertise in life science real estate, our team combines deep industry knowledge with a commitment to delivering Class A facilities that meet the evolving needs of research-driven companies. Our strategic partnerships with architects, engineers, and life science professionals ensure that every project reflects both cutting-edge design and functional efficiency. We pioneered modular laboratory systems that allow rapid adaptation to scientific advancements, while our focus on sustainable materials and collaborative spaces fosters creativity and well-being. Backed by a proven track record of completing hundreds of transactions and over 1.6 million square feet of development, we prioritize integrity, quality, and client satisfaction.Our leadership team brings decades of experience in commercial real estate, with a particular emphasis on major life science hubs like San Diego, Boston, and the Bay Area. We differentiate ourselves through hyper-flexible systems that reduce costs and timelines, enabling clients to focus on groundbreaking research without infrastructure limitations. Our portfolio includes landmark properties in top-tier markets, reflecting our vision to create environments where scientific discovery thrives. Through transparent communication and tailored solutions, we build long-term trust with tenants and partners. As industry leaders, we continuously invest in understanding emerging technologies to future-proof our developments and maintain our position at the intersection of real estate and life science innovation.
Services
Life Science Real Estate Development
Property Management
Strategic Partnerships
Innovative Design Solutions
Modular Laboratory Systems
Details
- Year established: 1987
Highlights and features
- We offer 28 years of specialized expertise in life science real estate development and management.
- Our team maintains strategic partnerships with leading architects and engineers in the life science sector.
- We implement proprietary modular laboratory systems for rapid facility adaptation.
- We have completed hundreds of life science transactions since 1987.
- Our leadership team includes recognized experts with decades of commercial real estate experience.
Services
Life Science Real Estate Development
We develop Class A life science facilities tailored to research and biotechnology needs. Our projects incorporate cutting-edge design principles and modular infrastructure to accommodate evolving scientific requirements. With expertise in major life science markets, we create environments that support innovation while maintaining economic efficiency for tenants.
Property Management
Our property management services ensure optimal operation of life science facilities. We maintain high standards for laboratory functionality, safety compliance, and building systems while providing responsive support for tenant needs in research environments.
Strategic Partnerships
We build strategic relationships with life science companies, architects, and engineers to create tailored real estate solutions. These partnerships ensure our developments align with industry trends and meet specific research requirements through collaborative problem-solving and shared expertise.
Innovative Design Solutions
Our design approach combines functional efficiency with aesthetic appeal for life science environments. We implement modular systems that allow rapid reconfiguration of laboratory spaces while incorporating sustainable materials and amenities that enhance researcher productivity and well-being.
Modular Laboratory Systems
We specialize in modular laboratory systems that enable quick adaptation to changing research needs. This approach reduces renovation time and costs while maintaining technical specifications for advanced scientific work, ensuring facilities remain relevant as technologies evolve.
People
W. Neil Fox III
Chief Executive Officer
With over 30 years in commercial real estate, Neil Fox founded Phase 3 Properties in 2000 after establishing himself as a leading life science broker at CBRE. He has developed over 1.6 million square feet of life science space nationwide and holds a California Real Estate License.
Michael Gerrity
President
President of P3RE with extensive experience in commercial real estate finance and development. Previously led industrial research at CBRE and managed over $750 million in real estate transactions. Holds a California Real Estate Broker License and degree from Harvard College.
Alex Sobrando
Director, Investments
Contributes expertise in real estate investments and portfolio strategy. Works closely with leadership to identify and execute development opportunities in key life science markets across the United States.
Ann Chevalier
Senior Vice President, Portfolio Operations
Manages portfolio operations with focus on optimizing asset performance. Brings extensive experience in life science real estate operations and tenant relations to ensure high-quality facility management.
Becka Studer
Senior Director, Leasing and Marketing
Leads leasing and marketing initiatives for P3RE's life science portfolio. Develops strategic marketing plans and manages tenant acquisition efforts across the company's premier properties in major research markets.
Questions
What areas does Phase 3 Real Estate Partners specialize in?
We focus on major life science clusters in San Diego, Boston, and the Bay Area, with strategic developments in key research markets.
What makes P3RE's properties unique for life science tenants?
Our properties feature modular laboratory systems, flexible infrastructure, and collaborative spaces designed specifically for evolving research needs.
How long has P3RE been operating in the life science real estate sector?
Our team has specialized in life science real estate since 1987, with over 28 years of continuous expertise in this niche market.
What types of companies benefit most from P3RE's services?
Biotechnology, pharmaceutical, and research institutions requiring scalable, high-quality facilities in premier life science locations.
How does P3RE ensure efficiency in its developments?
We use hyper-flexible design systems and strategic partnerships to reduce costs and timelines while maintaining Class A quality standards.