CENTER FOR INNOVATION BEING ESTABLISHED AS A LIFE SCIENCES HUB
Torrey Pines Institute for Molecular Studies (TPIMS) this fall be- tion is located in the 8,300-acre master-planned community of
came the first biotechnology organization attracted by Florida’s Tradition. Since construction on the TPIMS facility began in
Innovation Incentive program to complete and move into a build- March 2007, several research companies have signed on to locate
ing at the Florida Center for Innovation at Tradition. The 103,000-sf there. The Oregon Health & Science University has plans to ex-
facility has received its certificate of occupancy, says developer of pand its Vaccine and Gene Therapy Institute (VGTI) into a
the 150-acre life sciences research park in Port St. Lucie, Core 130,000-sf facility, which will create 200 jobs over the next 10
Communities. years. Until that building is complete at the end of 2011, the com-
As part of the incentive program, the City of Port St. Lucie pany will operate out of the third floor of the TPIMS facility.
built the $40-million facility for TPIMS. The Mann Research Center has ac-Suffolk Construction, which was respon- quired a 22-acre parcel at the Florida Cen-sible for building the LEED-certified ter for Innovation with the intent to build
structure, finished the project months a $100-million, 410,000-sf life sciences
ahead of schedule. complex. Construction on the first build-
TPIMS president Richard Houghten ing is expected to begin in summer 2009,
has said he plans to bring 189 employees and will have five or six research and devel-
to its new headquarters within 10 years. opment structures at build out, according
The organization will use the seven labora- to Favata. Late last year, BBL Development
tories in the structure to pursue innovative Group LLC and Equinox Cos. also signed
Torrey Pines Institute for Molecular Studies is the first
research on the treatment of major medi- new building to be completed at the Florida Center for on to bring a 111-room Homewood Suites
cal conditions such as diabetes, Alzheim- Innovation. by Hilton, including two restaurants, to the
er’s disease, multiple sclerosis, AIDS and growing biotech hub.
heart disease. In addition, Martin Memorial Health Systems is planning a new
“This achievement is testament to the entrepreneurial spirit of medical campus on the site that will break ground early next year.
the City of Port St. Lucie,” said Andy Favata, vice president of “This really is a cluster of businesses that share a vision to improve
Core Communities, in a release. The Florida Center for Innova- the health of mankind,” says Favata.—Crystal Proenza
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A glance at Florida's biggest deals from the last month, as reported by GlobeSt.com. Visit the corresponding URL to access full stories.
SECTOR
DEAL
URL
TERMS DEALMAKERS
DEVELOPMENT
Biodiesel Plant Planned for Tampa Port
globest.com/refla/1011_08/1.html
22 acres
GreenHunter Energy Inc.
Industrial/Office Park Planned for FTZ in Homestead
globest.com/refla/1011_08/2.html
1. 4 M sf
A&H Commerce Park LLC
Promenade Retail Center Leads Coconut Creek Plan
globest.com/refla/1011_08/3.html
350,000 sf
Stanbery Development
Orange City Shopping Center Undegoes Expansion
globest.com/refla/1011_08/4.html
$35 M
Michael Collard Properties
Browning to Develop Logistics Center in Polk City
globest.com/refla/1011_08/5.html
1. 3 M sf
Browning Investments Inc.
LEASING
Harry Chapin Food Bank Signs in Fort Myers
globest.com/refla/1011_08/6.html
50,000 sf
Oakwood Associates LLC (landlord)
AutoNation Relocating HQ to 200 Las Olas Circle
globest.com/refla/1011_08/7.html
105,000 sf
Stiles Corp. (landlord)
Duke Signs Multiple Leases in West Broward
globest.com/refla/1011_08/8.html
270,000 sf
Duke Realty Corp. (landlord)
SALES
Firm Buys South Beach W Hotel & Residences Loan
globest.com/refla/1011_08/9.html
$45 M
Madison Capital Mgnt. LLC (buyer)
West 10 Tallahassee Luxury Student Complex Sells
globest.com/refla/1011_08/10.html $43 M
Collier Cos. & JP Morgan Asset
Management (buyers)
