{"id":40133,"date":"2024-10-07T07:55:15","date_gmt":"2024-10-07T04:55:15","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=40133"},"modified":"2025-11-12T18:39:09","modified_gmt":"2025-11-12T15:39:09","slug":"pegasus-park-opens-135k-sf-new-lab-space-dallas","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/pegasus-park-opens-135k-sf-new-lab-space-dallas\/","title":{"rendered":"Pegasus Park Opens 135K SF of New Lab Space in Dallas"},"content":{"rendered":"
[vc_row][vc_column][vc_column_text css=””]The development partnership of J. Small Investments, Montgomery Street Partners, and an affiliate of Lyda Hill Philanthropies recently announced the opening of a long-awaited laboratory space at Pegasus Park \u2014 the life sciences- and biotech-focused redevelopment of the former Mobil Oil Corp. campus<\/a> in northern Dallas.<\/p>\n

Marking the latest addition to Pegasus Park, the recently opened Bridge Labs welcomes growth-stage biotech companies with high-quality flexible lab and office space that\u2019s one of a kind in the region. The facility incorporates 135,000 square feet spread across two floors and is connected to the park\u2019s central office tower by a skywalk.<\/p>\n

This opening brings much-needed institutional-quality laboratory and research space to north Texas, where the emerging biotech hub<\/a> exerts pressing demand for room to grow. Spanning 26 acres and incorporating 750,000 square feet of class A Dallas commercial real estate space<\/a>, Pegasus Park is already home to several life sciences companies, nonprofits and educational institutions, including UT Southwestern Medical Center\u2019s Office of Technology Development.<\/p>\n

\u201cBridge Labs at Pegasus Park provides companies with the ability to grow their businesses, add members to their staff and increase their footprint without having to leave the Pegasus Park campus,\u201d said Steve Davis, president of J. Small Investments. \u201cWe are thankful to the City of Dallas, investors, and all of our partners for the support in delivering this project to north Texas and growing our region\u2019s rapidly growing life sciences ecosystem.\u201d<\/p>\n

The new space will immediately benefit the BioLabs Pegasus Park biotechnology startup community that opened on campus in 2022 and will now scale up into fully built-out graduation space and individual private lab\/office suites. The best-in-class facility boasts upgraded power; backup generator capacity; HVAC and gas service; shared spaces and equipment; and pre-built laboratory suites that come with the tools and flexible space that innovative life sciences companies need to thrive.<\/p>\n

State-of-the-art amenities on campus include a 16,000-square-foot conference center, local craft brewery Community Beer Co., The Compound on-campus caf\u00e9, outdoor patio space with firepits, and a Hidden Gym Fitness Center.<\/p>\n

\u201cWe are confident that Bridge Labs will continue to attract life sciences and health care companies and institutions to our region, resulting in additional intellectual capital; top-quality and high-paying technical jobs; and an increase in access to cutting-edge science,\u201d said Sam Johnson, principal at Montgomery Street Partners.<\/p>\n

\u201cPegasus Park, BioLabs, and now Bridge Labs are crucial parts of an economic engine, driving highly desirable STEM jobs to Dallas and West Dallas while fostering significant innovation across the life sciences,\u201d added Dallas City Council Member Omar Narvaez. \u201cWe are investing in the potential of our community, and I have no doubt that this facility will be a hub of discovery and progress in solutions for human health for years to come.\u201d<\/p>\n

\"Pegasus<\/a>

Pegasus Place is the 18-story office tower at the heart of the Pegasus Park campus. It originally served as headquarters to jewel retailer Zale Corp.<\/em><\/p><\/div>\n

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Totaling more than 130,000 square feet of Dallas commercial real estate, the new laboratory space opened at the Pegasus Park life sciences campus boosts the burgeoning biotech hub growing in the region. <\/p>\n","protected":false},"author":48,"featured_media":40135,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,4014],"tags":[],"class_list":["post-40133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-featured","wpautop"],"acf":[],"yoast_head":"\nNew Lab Space 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