BOSTON–As part of JLL’s continued commitment to build a leading Brokerage team for expanded coverage in all market sectors throughout Greater Boston, JLL announced that the firm has hired Matthew Powers to co-lead its New England Life Sciences practice. Powers, a seasoned real estate and life sciences expert, has joined the firm as an Executive Vice President.
He will specialize in representing tenants, landlords and investors in the leasing and sale of research and development space throughout the region, implementing real estate strategies for organizations and entrepreneurs.
Powers joins JLL from Merck Millipore bringing 20 years of strategic real estate experience in the life sciences arena. In his previous position as Head of Real Estate and Infrastructure Operations/Strategy Program Manager in Merck Millipore’s Biosciences Division, he was responsible for their global real estate portfolio of six million square feet across 41 locations globally. He led the company’s real estate strategy and transaction management for the North America-West Coast and Massachusetts campuses. Powers also worked in the life science industry his entire career. Early on he worked for venerated biotech pillars Genzyme and Genetics Institute. Later he worked with pharmaceutical giant Wyeth and founded Chimera Management & Research Institute.
Powers will join Executive Vice President Don Domoretsky on the Life Sciences team. The team has successfully implement real estate strategies for firms, real estate owners and institutions including: Conagen, Genocea Bioscience, GlaxoSmithKline, Moderna Therapeutics, QinetiQ | North America, Novartis, Alexandria Real Estate Equities, Charles Stark-Draper Laboratories, Tufts University, Shire, Dyax, Charles River Labs, and Related Beal.
“We continue to grow market share and add top talent across our group and the firm,” said Managing Director and leader of New England Brokerage Bill Barrack. “Matt’s real estate expertise and skills set in consulting, transaction management, lease negotiation, site selection and market analysis in life sciences will make an even stronger presence for us throughout the region’s core lab markets.”
Powers earned an M.C. degree from Temple University, and a B.S. degree from Wentworth Institute of Technology. He is a Board member of the Mass General Hospital Cancer Care Center “one hundred.” Powers resides in Charlestown, MA with his wife Carrie and their children.