CoreBiome is a microbiome analysis & sequencing company providing affordable and highly accurate profiles of human and other microbiomes. Initially, CoreBiome attempted the search for new space on their own but realized how daunting a task it is to both identify suitable spaces and compare potential lease economics, all while continuing to run business as usual. CoreBiome's CEO approached Element after a recent merger to review potential options, but also to help refine CoreBiome’s space requirements including specific laboratory size and functional needs, office space needs, and their need for a space that would easily accommodate future growth. Additionally, they wanted to focus on geographic locational needs to meet existing employee home/work travel, as well as to help promote future employee recruitment efforts.
Element dug in right away, touring previously identified options and suggesting new options based on their understanding of CoreBiome’s needs. After Element presented an analysis of the best options using its proprietary Occupancy Cost Model, CoreBiome selected an Element proposed option which was a 22% savings on a per square foot basis over the term of the lease compared to the originally identified options. Element also assisted CoreBiome in identifying appropriately skilled architects, contractors, & other consultants, participated in the negotiation of a complicated lease, and kept the timeline moving forward despite an unfortunately timed sale of the building to new owners. CoreBiome opened for business in April 2020.
* Corebiome has rebranded as Diversigen