PPD, based in Wilmington, NC, will share space in the campus' Medical Office Building with Carolinas Healthcare System. The new space will be occupied by researchers, project managers, and other medical and scientific personnel to collaborate with pharmaceutical and biotechnology companies.
The 350-acre campus, now under construction and eventually totaling 500,000 sf of office and laboratory space in three facilities, seeks to bring together scientists from universities and corporations in a collaborative environment. Its goal, among others, is to allow for easier transfer of college-generated research to the private sector.
"It's a big, strategic connection for us," Clyde Higgs, vice president of business development for the North Carolina Research Campus, tells GlobeSt.com about the PPD lease. "It's a good recruiter for us as well as for other industry partners."
Researchers from Duke University, the University of North Carolina and the North Carolina Community College System will occupy space at the campus, providing a neutral site for collaboration to develop life-saving therapies. PPD will join several other non-collegiate tenants at the campus include Anatomics, Angiogen and Red Hat.
The North Carolina Research Campus is a $1.5 billion, public-private partnership established by David Murdock, chairman and owner of Castle & Cooke Inc. and Dole Food Co. Dole, a fresh-food supplier whose brand is mostly associated with pineapple and bananas, has a research and development center at the Kannapolis campus.
Murdock, in prepared remarks, stated that he had companies like PPD in mind when he launched the campus three years ago to discover cures for deadly and debilitating diseases. "The presence of PPD is only the beginning. The future is bright," he added.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
