hub for biotechnology
of the Emerging Technology Center at North Fork will be completed
of a new $4.4 million research building, the Emerging Technology
Center is nearing completion at the University of Virginia Research
Park at North Fork as managers wrap up agreements to establish
new research facilities for two biotech firms and create laboratory
space for U.Va. researchers.
Emerging Technology Center provides an exciting new opportunity
for technology transfer between U.Va. researchers and industry,
said Robert E. Burnett, professor of chemistry and director of
university-industry research relations. In addition to offering
flexible laboratory space that will help attract and house new
research enterprises, the University will benefit by an increase
in student internships and new employment opportunities for graduate
students, local professionals and faculty spouses.
park officials have signed agreements with two new tenants this
Inc., a subsidiary of Dyax Corp., a biopharmaceutical company
based in Cambridge, Mass., has acquired 7.1 acres for $750,000
on the North Fork site to build a 50,000-square-foot facility.
The two-story building will house the companys worldwide
headquarters, along with research and development operations and
some product assembly and test functions. The company makes systems
and consumable products that purify drugs during the pharmaceutical
discovery and clinical trial process.
MDS Proteomics Inc., a subsidiary of MDS Inc., Canadas largest
health and life sciences company, has signed a five-year lease
for 15,000 square feet of space in the research parks new
Emerging Technology Center.
Proteomics focuses on changing the drug discovery process by combining
biology, mass spectrometry and high-throughput supercomputing
to identify and select superior drug targets. The North Fork facility
complements other MDS Proteomics research operations in
Toronto, Boston and Odense, Denmark.
addition, Spinner Technologies Inc., a for-profit subsidiary of
the U.Va. Patent Foundation designed to help U.Va. faculty spin
off new companies from their research, also is negotiating
a five-year lease for 1,800 square feet of space in the Emerging
Technology Center, said Robert S. MacWright, executive director
of the U.Va. Patent Foundation.
Primarily securing lab space, the Spinner agreement includes access
to conference space and other building amenities, such as fiber-optic
connections and specialized hazardous material storage space.
Emerging Technology Center is the first of its kind for the Universitys
research parks, said Tim R. Rose, chief executive officer of the
U.Va. Foundation, which manages the Universitys real estate
officials met with University scientists and researchers nearly
two years ago to discuss researchers needs for small amounts
of lab space, Rose said. Researchers sought flexible space that
could be expanded over time, was available at a reasonable cost
and leasable for shorter-than-usual periods. The Emerging Technology
Center is an effort to respond to those needs, he said.
center will offer a total of 40,000 square feet of leasable space.
While five- to 10-year leases are common in commercial real estate,
the center will offer terms ranging from one to 10 years. Developers
also worked to keep a lid on costs to make the space affordable
for fledgling businesses, Rose said.
hope this will be the first of many such facilities that will
strengthen Charlottesvilles entrepreneurial spirit. The
companies we hope to attract will be clean, high-tech, research-oriented
companies with ties to the University that will provide high-paying,
skilled jobs, said Bruce B. Stouffer, U.Va. Foundation director
of real estate development.