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UA buying lab in OV, and has a tenantTags: university of arizona
[Source: Explorer News] - A 27,464-square-foot laboratory just off Oracle Road in Oro Valley has been purchased by the University of Arizona, which expects it to house biotechnology research and incubator space.
Sanofi-aventis, the pharmaceutical company that opened a new, $60 million research center on Oro Valley's Innovation Drive last year, is selling the 1580 Hanley Boulevard building for $3.05 million. The Arizona Board of Regents approved the purchase at its Thursday meeting in Flagstaff.
Bob Davis, an industrial real estate specialist at Grubb & Ellis who helped to broker the deal, said the UA plans to use the space to expand its research opportunities, as well as provide incubator/accelerator opportunities for new start-up ventures.
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Now available: “Arizona’s Bioscience Roadmap 2014-2025: Advancing the Biosciences and Improving Health Outcomes,” is now available along with its supplement, “Summary of Goals, Strategies, and Potential Actions.” An overview by Walter Plosila, Ph.D., Battelle senior advisor, is also available. The updated Roadmap provides a long-term strategy for Arizona to achieve bioscience success over the next decade.