The 79,000-sf building, positioned on about three acres, is ticketed for extensive upgrades to make it into a leading address for biotech companies, Jason Moser of Dallas-based Certus Group tells GlobeSt.com. He says a substantial amount of money will be pumped into the building from top to bottom, inside and out. "The building has everything that a biotech company needs and more," he says, or at least soon will have. It also gets a new name: Research Row Biolabs.
Carter BloodCare has relocated its headquarters to the suburb of Bedford, but is maintaining an 11,000-sf blood center in the building. The new lead tenant is eXegenixs Inc. with 20,000 sf and it's talking for an extra 5,000 sf. Other tenants are Mediware Information Systems Inc. and US Oncology. Moser says all tenants are planning to stay in place. The pipeline has UT Southwestern Medical Center negotiating for a spot in the six-story building.
The 80%-occupied structure is located at the corner of Harry Hines and Research Row, just two miles from the north campus of UT Southwestern Medical Campus. It abuts the HealthSouth Medical Center in the Pine Creek Business Park.
L.G. Moser Industrials, led by Moser's father, is comprised of a group of Texas investors that maintain an office and industrial portfolio. Joe Graham of Graham Investments in Dallas represented Carter BloodCare at the bargaining table. Moser is transitioning from Kennedy-Wilson International's Dallas office to the Certus Group.
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