Taylor & Mathis Named Property Manager For The University of Miami Life Science & Technology Park

R&D park slated to open in mid-June; first phase is 50% leased
University of Miami Life Science & Technology Park
University of Miami Life Science & Technology Park
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June 22, 2011 - PRLog -- Wexford Science & Technology, developer of the Miami Health District’s University of Miami Life Science & Technology Park (UMLSTP), has selected commercial real estate services firm Taylor & Mathis as property manager for Building One of the Park. Located at 1951 NW 7th Avenue on the Miami Health District campus in Miami, the first building totals 252,000 square feet of wet and dry labs, offices, lab-ready innovation suites, and retail space.  The building received its Certificate of Occupancy for Core & Shell on June 7 and will begin receiving its first tenants later this month.

The first phase of the UMLSTP is almost 50% leased, and is now home to tenants including the University of Miami Miller School of Medicine and its tissue bank; medical diagnostics company DayaMed; national intellectual property law firm Novak Druce + Quigg; and two business incubators. The latest tenants to sign on include medical device company Emunamedica and the Community Blood Centers of South Florida, who will occupy a total of 10,000 square feet.

Based in Atlanta, with offices in Tampa and Miami, Taylor & Mathis concentrates its business activity in primary growth markets in the Southeastern United States, including South Florida with more than 6.2 million square feet under management locally. The company, founded in 1967, was selected to manage the UMLSTP due to its high level of expertise and substantial local operations and resources.

“We are exceptionally proud to have been chosen by Wexford Science & Technology to provide management services to the University of Miami Life Science & Technology Park – truly one of Miami’s marquee real estate projects and a building unique to the South Florida market,” said Marlene Diaz, director of operations for Taylor & Mathis. “We look forward to supporting the operations of a development with such high potential to impact the South Florida economy and community.”

The current UMLSTP master plan includes five buildings totaling roughly 1.6 to 2.0 million square feet of lab and office space, making it the largest facility of its kind in South Florida. Pre-certified as a LEED Gold (Leadership in Energy and Environmental Design) facility by the U.S. Green Building Council, R&D Building One of the UMLSTP has been designed in line with environmentally conscious factors intended to reduce energy use and improve environmental stewardship. Additionally, a focus on the pedestrian experience will include indoor/outdoor community spaces and street-level retail that will serve the Miami Health District and residents of nearby neighborhoods.

           To learn more about the park or to inquire about leasing opportunities, contact Bill Hunter at (305) 298-4578 or whunter@wexfordequities.com.

About the University of Miami Life Science & Technology Park
The University of Miami Life Science & Technology Park is a predominantly privately-funded endeavor developed by Wexford Miami, LLC, a subsidiary of Wexford Science & Technology, LLC, in association with the University of Miami. Located in Miami’s Health District and adjacent to the University of Miami Leonard M. Miller School of Medicine, the park will be home to best-in-class research facilities that bridge academia and industry, thereby fostering collaboration and innovation that positively affects people around the world. Development of the park will also make a direct impact on the South Florida economy, resulting in the creation of jobs and further diversifying the region’s economic landscape. UM LSTP is located on an 8.8 acre site bounded by Interstate-95 on the east, NW 7th Avenue on the west, NW 17th Street on the south and NW 20th Street on the north. Construction of phase one of the park began in late 2009 and is scheduled for completion in summer 2011. Learn more at www.umlstp.com.

About Wexford Science & Technology, LLC
Wexford Science & Technology, LLC is a Maryland based, privately held real estate developer and investment company that specializes in the planning, development, construction and sophisticated financial structuring of complex research space for non-profit clients including universities, university affiliated research parks, and healthcare systems and corporations. Please visit www.wexfordequities.com for additional information.

About Taylor & Mathis
Taylor & Mathis is a diversified real estate company specializing in the development, marketing and management of office buildings, suburban office parks, industrial parks and mixed-use projects. Founded in 1967, the company has developed properties exceeding $1.9 billion in value and has established itself as one of the most respected regional real estate firms in the United States. Based in Atlanta, with offices in Tampa and Miami, Taylor & Mathis concentrates its business activity in primary growth markets in the southeastern United States. For more information, visit www.TaylorMathis.com.

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Tags:Miami, Biotechnology, Life Science, R D, Real Estate
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Location:Florida - United States
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