Illinois Science + Technology Park

Name

Illinois Science + Technology Park

Legal name

Illinois Science + Technology Park

Website

https://istp.tech

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Skokie

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Commercial Real Estate Leasing: ISTP generates revenue through leasing laboratory space, office space, and specialized facilities (GMP suites, high-bay warehouses) to life sciences tenants. The park offers flexible terms including ready-to-occupy suites and build-to-suit options.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

ISTP is a multi-tenant life sciences real estate campus that leases laboratory, office, and GMP manufacturing space to bioscience, pharmaceutical, medical device, nanotechnology, and contract research organizations. The 22.6-acre campus offers ready-to-occupy suites and flexible build-to-suit options across four buildings (8025 Lamon, 8045 Lamon, 8030 Lamon, and 4901 Searle Parkway), supported by shared conference, auditorium, and amenity infrastructure.

Product overview

The Illinois Science + Technology Park is a multi-building life sciences real estate campus and commercialization destination. The park comprises four main facilities (8025 Lamon Ave, 8045 Lamon Ave, 8030 Lamon Ave, and 4901 Searle Parkway) offering a combined footprint of research laboratories, GMP manufacturing suites, office space, and conference/auditorium facilities totaling approximately 650,000+ square feet. The park provides wet labs, dry labs, GMP facilities, and flexible build-to-suit options for life science and technology companies. Key amenities include a conference center, auditorium, campus café, and collaborative spaces. The park serves as home to tenant companies including UL Research Institute, Avantor, LanzaTech, Endeavor Health, Vetter, Charles River, and others operating in research, pharmaceutical manufacturing, contract research, healthcare services, and intellectual property sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• 8025 Lamon Avenue (Development to Practice) A 4-story, 130,000 square foot research and development building featuring laboratories, offices, GMP suites equipped for drug and clinical development, and a high-bay GMP warehouse. Key tenants include Charles River, Vetter Development Services, Cour, and Avantor. Targeted at life sciences companies needing ready-to-occupy lab and manufacturing infrastructure.
• 8045 Lamon Avenue (Research to Commercialization) A 4-story, 163,000 square foot Gold LEED-rated 'green' facility housing LanzaTech and other tenants, with a newly updated Conference Center and Auditorium, and areas for meetings, collaboration, and socialization. Targeted at companies commercializing research outputs.
• 8030 Lamon Avenue (Flexible Build-to-Suit Development) A ~130,000 sq ft building offering flexible build-to-suit options with up to 200,000 square feet of office and development space available, with access to research, transit, and commercial resources. Targeted at growth-stage tenants needing custom-designed facilities.
• 4901 Searle Parkway (Multi-use Office) A 4-story, 229,000 square foot art deco-designed multi-use office building featuring Endeavor Health, with a data center featuring raised floor and a campus café. Targeted at healthcare providers and office tenants needing amenity-rich space.
• Conference Center and Auditorium Conference and event facilities equipped with new technology, featuring a dramatic four-story atrium with meeting spaces, hospitality-inspired relaxation areas, and an auditorium for events and community gatherings. Available to tenants and external events.
• Lab and Office Space for Emerging Technologies Flexible laboratory and office space available for bioscience, nanotechnology, medical devices and other emerging technologies, with customizable build-to-suit options across the ISTP campus. Targeted at emerging-technology companies needing configurable leasing.

Quantifiable outcome

• Over 1,500 jobs created since inception with goal of 4,000+ jobs upon full build-out
• +1 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Northwestern UniversitycoreStrategic or Co-development PartnerNorthwestern University is a key partner providing access to research talent, technology commercialization through INVO, and collaborative programs through the International Institute for Nanotechnology (representing over $600 million in research, 900+ patents, and 21 companies launched). The park serves as a commercialization destination for Northwestern research and technology.
• Golub & CompanycoreOthersGolub & Company provides property management services for the Illinois Science + Technology Park, handling day-to-day operations, tenant services, and leasehold relationships.
• JLL (Jones Lang LaSalle)coreChannel Partner/ Reseller/ DistributorJLL handles capital markets transactions and leasing for the park. The JLL team managed the portfolio sales to Singerman Real Estate and TopMed Realty in 2021.
• Village of SkokiecoreStrategic or Co-development PartnerISTP works in partnership with the Village of Skokie to revitalize the campus and integrate it into downtown Skokie. The collaboration includes TIF district formation and coordinated economic development initiatives.
• International Trade OrganizationsminorGTM or Marketing PartnerISTP maintains international connections through partnerships with JETRO (Japan External Trade Organization), German American Chamber of Commerce, US India Chamber of Commerce Midwest, American Israeli Chamber of Commerce, and America-China Chamber of Commerce to support international companies seeking to establish presence in the Midwest.
• LanzaTech and DowminorStrategic or Co-development PartnerLanzaTech collaborated with Dow to introduce EcoSense 2470, a biodegradable surfactant made using LanzaTech's CarbonSmart technology, to the home care market.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• BioMed Realty (Blackstone): Owns and operates life-sciences campuses anchored by research universities. Comparable to ISTP in delivering cluster-based lab, GMP, and office space to biotech, pharma, and academic tenants.
• Alexandria Real Estate Equities: Largest publicly traded life-sciences REIT operating mission-critical lab and office campuses clustered around top research universities. Directly comparable to ISTP in purpose-built, multi-tenant life-sciences real estate serving biotech, pharma, and academic tenants.
• IQHQ: Developer of life-sciences districts such as The Campus at San Diego and Research Triangle. Comparable to ISTP as a multi-building life-sciences campus operator targeting university-adjacent biotech clusters.

Broad incumbents

• Trammell Crow Company: Large diversified commercial real estate developer with an active life-sciences practice delivering lab and biomanufacturing space. Comparable to ISTP in lab/GMP delivery capability but competes across many asset classes.
• Healthpeak Properties: Diversified healthcare REIT with a significant life-sciences lab portfolio. Comparable to ISTP in life-sciences facility ownership but operates at much broader scale across outpatient medical and CCRC assets.

Emerging players

• Breakthrough Properties: Life-sciences real estate joint venture focused on developing translational research campuses globally. Comparable to ISTP in the university-adjacent, multi-tenant lab campus model, but earlier-stage and more development-led.
• Portal Innovations: Operates lab-equipped incubators and life-sciences campuses in Chicago and other Midwest markets. Comparable to ISTP in targeting early-stage life-sciences tenants in the Chicago ecosystem, though focused on smaller incubator footprints.
• Hatch Spaces: Operates shared and private lab facilities in multiple U.S. markets. Comparable to ISTP in providing flexible lab infrastructure for life-sciences tenants, though typically at smaller scale and without GMP manufacturing focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/istplifescience
• Facebookfacebook.com/istplifescience

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Illinois Science + Technology Park