News & Announcements
Wexford receives contract to develop Building Three of University of Maryland BioPark
December 17, 2007
Baltimore, MD – December 17, 2007 – Today, Wexford Science+Technology signed a letter of intent with the University of Maryland (UM) Health Sciences Research Park Corporation, the non-profit organization that manages the UM BioPark, to develop Building Three of the BioPark. The ground breaking for Building Three will be held on March 20, 2008, and construction of the core and shell will be complete in the summer of 2009.
UM BioPark is a biomedical research park in West Baltimore that is home to life sciences researchers and entrepreneurs. The two completed multi-tenant BioPark buildings boast 360,000 square feet of state-of-the-art lab and office space. Building Three will add an additional 180,000 square feet to the park, while plans call for an eventual 1.2 million square feet in 10 life sciences buildings.
“Wexford consistently raises the bar for its quality work and commitment to its projects,” said Jane Shaab, Vice President of UM Health Sciences Research Park Corporation. “We are reassured that construction of Building Three will run smoothly, based on the professionalism and quality we have seen during the completion of the second building and their role in the first building.”
Building Two, located at the gateway to the UM BioPark, is currently leasing space as the interior reaches completion and build-outs for signed tenants begin. The six-story, 215,000 square foot building has scheduled a grand opening for early 2008.
About UM BioPark
University of Maryland BioPark offers sophisticated laboratory and office space for early-stage to mature bioscience companies. Today the UM BioPark includes 360,000 square feet in two multi-tenant buildings and a 630-space garage. Development plans for a third multi-tenant building to house life sciences companies are underway. For more information, please visit www.umbiopark.com
About Wexford Science+Technology
A wholly owned subsidiary of Wexford Equities, LLC, Wexford Science+Technology is a privately held real estate investment and development company based in Baltimore, MD. With a team of real estate, finance and engineering experts, Wexford is devoted to developing innovative real estate solutions that inspire creativity and advance new technologies. For more information, please visit www.wexfordequities.com