Research Park To Open Emerging Technology Center
Two Biotech Firms
To Establish North Fork Operations, And U.Va. Technology Firm Will
Take Lab Space In New Center
31, 2001-- Construction of a new $4.4 million research
building, the Emerging Technology Center (ETC), 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.
strongly believe that locating near our peer companies in the research
park will make it a dynamic place for our worldwide headquarters,"
said David B. Patteson, president and chief executive officer of
Biotage. "We also do a lot of traveling, so the parks
proximity to the airport is a distinct advantage."
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 ETC is an effort
to respond to those needs, he said.
ETC 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 ETC will offer terms ranging from one to ten years. Developers
also worked to keep a lid on costs to make the space affordable
for fledgling businesses, Rose said.
Inc., general contractor for the project, broke ground in February
on the two-story, red brick structure and expects to complete construction
new center helps meet a pressing need in the community for affordable
and flexible laboratory space for info-tech and bio-tech companies,"
said Bruce B. Stouffer, U.Va. Foundation director of real estate
development. "We 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,
University of Virginia Foundation is a not-for-profit corporation
affiliated with U.Va. that develops and manages the Universitys
real estate holdings. The Foundation operates two research parks
near Charlottesville in Albemarle County to foster research collaboration
between industry and University experts in science, technology and
University of Virginia Research Park at North Fork is a master-planned
562-acre park, zoned for mixed-use, that eventually may be home
to 3 million square feet of development. North Fork is located eight
miles north of Charlottesville, along the north fork of the Rivanna
River, and adjacent to the Charlottesville/Albemarle Airport and
U.S. Route 29.
Fontaine Research Park is a master-planned 54-acre park, zoned for
approximately 400,000 square feet of development, and located southwest
of the University's main Grounds.
Charlotte Crystal, (434) 924-6858