Avison Young Tapped To Sell 101,000 SF Research Facility

Nov 30, 2017 No Comments by

Avison Young has been exclusively selected by the City of Port St. Lucie to market and sell the Florida Center for Bio-Sciences, a 101,000-square-foot, three-story, lakeside biomedical research facility situated on eight acres at 9801 SW Discovery Way in Port St. Lucie. Avison Young’s Principals Michael T. Fay and Keith O’Donnell and Senior Vice President Jay A. Ziv will spearhead the sale.

 

“With residential development, the expansion of the nearby Martin Memorial Hospital, and amenities in the immediate area, Florida Center for Bio-Sciences offers a location in which to live, work, and play,” said Fay. “The site also provides synergistic opportunities due to its strategic position within the Tradition Center for Innovation Research Park.”

Completed in 2012, the Florida Center for Bio-Sciences is LEED Gold Certified for its environmentally-friendly design features which minimize the building’s carbon footprint and overall impact on the surrounding environment.

Proximate to Florida’s Turnpike and I-95, the property provides easy access to the Central and South Florida markets.

The Center’s design was intended to create a culture that promotes collaboration and excellence in research. Features include laboratory/research facilities accounting for 70 percent of the building, expansive conference and lecture spaces, an on-site café, and private offices with administrative and receptionist areas. Also, a full data center and IT hardware with equipment offer a secure infrastructure.

 

“We look forward to the Florida Center for Bio-Sciences fulfilling its original purpose as a job creating, revolutionary research institution,” said Port St. Lucie Mayor Greg Oravec.

The Port St. Lucie / Fort Pierce market continues to strengthen as shown by healthy demand in its office and retail sectors. The office market has experienced positive absorption over the past 12 months, and robust new construction is seeing ample pre-leasing activity. Additionally, the retail market is the strongest it has been since 2011 with consistent downward trending vacancy.

Approximately 50 miles north of West Palm Beach and halfway between Miami and Orlando, Port St. Lucie is the third largest city in South Florida with 179,413 residents, surpassing Fort Lauderdale’s population.

 

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