Search
 

NuTec of Texas Moves to Midtown to Build Giant Supercomputer

ATLANTA-The company plans to analyze genetic information. Georgia companies Encina Technology Ventures, Imlay Investments Inc. and Intelligent Systems jointly provided first-round funding of $1.5 million for the biotech effort. NuTec signed a deal with Emory Healthcare to use some of its genetic technology in standard medical practice.

By Judith Schonbak | Updated on September 25, 2000

ATLANTA-NuTec Services of Texas is moving to Midtown and next week will take up working residence in One Atlantic Center, with the support of the Advanced Technology Development Center.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.