MIAMI-Wexford Science & Technology has topped off R&DBuilding One, the first building in the University of Miami LifeScience & Technology Park. Under development in Miami's HealthDistrict, R&D One is a six-story, 252,000-square foot buildingthat will house wet and dry labs, offices, lab-ready developmentsuites, and retail space.

The University of Miami (UM) Life Science & Technology Parkis located on an 8.8-acre parcel bounded by Interstate-95 on theeast, NW 7th Avenue on the west, NW 17th Street on the south and NW20th Street on the north. R&D Building One is scheduled to becompleted in mid-2011 and is 40% pre-leased.

"There is a ton of activity," Richard Schuchts, a senior vicepresident Jones Lang LaSalle, tells GlobeSt.com. "We definitelyfound a product type that was badly needed here. The office marketoffers a lot of space, but this is totally different product. It'sa game changer for Miami."