Providence Office/Medical for Lease
Where innovation takes root, 150 Richmond Street stands as a state-of-the-art lab and technology destination in Providence, offering approximately 90,000 square feet across the fifth through seventh floors, with typical floor plates of 29,748 rentable square feet.
Purpose-built for life science, laboratory, and research and development users, the LEED Gold Certified building brings together academia, cutting-edge science, and forward-thinking entrepreneurs within Providence’s rapidly expanding innovation ecosystem. As the first purpose-built life sciences and technology facility of its kind in Downtown Providence, the opportunity is distinguished by flexible, incubator-style wet labs, integrated office space, and infrastructure designed to support companies from early-stage research to scaled growth, all within a market with limited direct lab competition between Providence and Greater Boston.
A regional landmark in life science innovation, 150 Richmond Street is anchored by institutional credibility, including the Rhode Island State Health Laboratory. It is closely aligned with Brown University, medical schools, and affiliated research institutions. This Class A building’s infrastructure supports a 60% wet-lab and 40% office build-out, with the flexibility to accommodate organizations ranging from single-bench users to full-floor occupiers. Centralized standby power, lab waste systems, and two 1,300-kilowatt natural gas emergency generators ensure operational resilience. Intentionally designed to foster collaboration, accelerate discovery, and position biotech, medical research, and technology companies to uncover world-changing breakthroughs.
Centrally located within Providence’s burgeoning life sciences ecosystem and the innovative 195 District, 150 Richmond Street benefits from exceptional connectivity and a deep talent pipeline. Occupants enjoy its walkability to city amenities, parks, entertainment venues, and Brown Medical School, as well as its location minutes from the 195 District Park. Transit access is immediate, with a three-minute walk to the RIPTA Downtown Connector, Amtrak, MBTA, a four-minute drive to Interstates 95 and 195, and a nine-minute drive to Route 6.
Providence’s shoreline setting offers scenic bike paths, green spaces, and a vibrant, walkable urban fabric filled with artisan cafés, boutique retail, waterfront dining, and historic architecture. With 148 colleges and universities within a 60-mile commute and the highest student density per square mile in the United States, the region delivers a sustained pipeline of research talent. Rhode Island’s life sciences sector reflects strong momentum, with 27,300 workers directly employed in life sciences, 11% employment growth since 2015, 92% growth in life sciences establishments since 2023, and a $5.9 billion total economic impact. 150 Richmond Street offers a rare opportunity to establish a presence in one of the Northeast’s fastest-growing life sciences markets.
