MIAMI—There's no doubt that South Florida has become a magnet for life sciences firms—and it's not just Palm Beach County. Miami is developing its own hub and Broward County is getting a piece of the action.

Stemtech International, a stem cell nutrition company, is moving its corporate headquarters from California to Pembroke Pines, FL. Stemtech has signed a lease for 34,279 square feet at 2010 Northwest 150th Avenue in Pembroke Pines. A new-to-market lease, the firm is moving from San Clemente, CA.

Cresa senior advisor Zach Wendelin represented Stemtech. Darcie Lunsford, senior vice president at Butters Realty & Management, represented the landlord, G&C Herald Investors.

“Stemtech was open to purchasing or leasing a building in South Florida,” Wendelin tells GlobeSt.com. “The company was looking for flex space to combine its headquarters with a call center and warehouse fulfillment operations. This combination proved challenging, but an exhaustive six-month search of the market turned up an ideal location in Pembroke Pines in Herald Plaza.”

Stemtech plans to pursue a multibillion-dollar opportunity from its new South Florida headquarters. According to Transparency Market Research, the global stem cell market was valued at $26.23 billion in 2011 and is expected to reach an $119.51 billion by 2018. Stemtech is on Inc. magazine's list of fastest growing private companies based in the United States. Stemtech is initially moving 50 employees to its new South Florida location, and expanding that number to 90 over the next three years.

“The State of Florida offers a very business-friendly environment and a highly educated and skilled workforce pool,” Ray Carter, president and CEO of Stemtech, tells GlobeSt.com. “The State, Broward County and Pembroke Pines have all been very supportive and encouraging to us, providing information and material business incentives. The Broward County location positions us just 30 minutes from two major international airports which is key for our global business travel. And, of course, the quality of life in South Florida is among the best in the country.”

The 77,000-square-foot Herald Plaza offers frontage along Interstate 75. The plaza is located adjacent to Cracker Barrel, Hampton Inn, and other restaurants and shopping amenities. Herald Plaza is also home to the Miami Herald's Broward County bureau.