The ATDC took an entire 25,000-sf floor, in the class A office building, as part of its incubation program. It will sublease the space to firms such as NuTec, which have temporary space requirements.
The company plans to build one of the country's largest supercomputers and will take up another floor in the building for the project before building its own facility within three years. Midtown office rents average $23.12 per sf.
Georgia investors provided the financial carrot for NuTec to move to the area. Encina Technology Ventures, Imlay Investments Inc. and Intelligent Systems funded a $1.5-million pool of first-round funding for the biotech effort. In addition, NuTec signed a deal with Emory Healthcare to use some of its genetic technology in standard medical practice.
Georgia is on a mission to attract bioinformatics firms and make the state a center for biotechnology and genetic research. NuTec's supercomputer will be designed to analyze vast amounts of genetic information.
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