The ATDC took an entire 25,000-sf floor, in the class A officebuilding, as part of its incubation program. It will sublease thespace to firms such as NuTec, which have temporary spacerequirements.
The company plans to build one of the country's largestsupercomputers and will take up another floor in the building forthe project before building its own facility within three years.Midtown office rents average $23.12 per sf.
Georgia investors provided the financial carrot for NuTec tomove to the area. Encina Technology Ventures, Imlay InvestmentsInc. and Intelligent Systems funded a $1.5-million pool offirst-round funding for the biotech effort. In addition, NuTecsigned a deal with Emory Healthcare to use some of its genetictechnology in standard medical practice.
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