LifeLink has also signed a 50-year land lease with the park'slandlord, the University of South Florida Research Foundation. Thepark is on land owned by the state and leased to the foundation.The Spectrum Boulevard park is currently 50% leased and will haveabout 1.2 million sf of rentable space when it is completed.

Claude Maggi of Sperry Van Ness BBRI in Tampa representedLifeLink. Steve Tedder of Carter & Associates negotiated forthe foundation. "There are restrictive covenants in the leasebetween the state and the university which do not allow theproperty to be used for commercial purposes," Maggi says. Thatmeans "you won't see a bank or a strip shopping center within the87 acres that comprise the Research Park," the broker says.

The park is home to a new Embassy Suites Hotel that includes 247suites and 18,000-sf of meeting space. A recently completed130,000-sf interdisciplinary Research Building houses the Centerfor Biological Defense, the Center for Robot-Assisted Search andRescue and IDRB Governance.