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MIAMI-The University of Miami Life Science and Technology Park signed its first tenant this spring, the university’s tissue bank, which is taking an 80,000-square foot space in the 1.6-million-square-foot park’s first 252,000-square-foot building. This first building, which will cost a little over $105 million to develop, is scheduled for completion in June 2011. The building will house wet and dry labs and office space.

The park’s developer, Wexford Miami, LLC, hopes to attract tenants from around the country and around the world by capitalizing on Miami’s appeal as a portal to Latin America and Europe, as well as its appeal to the domestic market, so it is ironic that the first tenant should be from the University of Miami.

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