PRESS RELEASE
Companies Commit
to Science Park
As
featured in The New Haven
Register, by
Damian J. Troise
|
(February,
2006) – Science Park Development Corp.
said Wednesday it has signed a series of
lease agreements with several biotechnology
companies planning to remain through 2010.
The organization
oversees a large part of Science Park on
Winchester Avenue, which is nearly filled.
Tenants include Ikonisys Inc., which recently
doubled the amount of space it leases to
18,000 square feet; Genaissance Pharmaceuticals;
Kodak Scientific Imaging; and Yale University.
"We've
been here for five years and we're committed
to staying until at least 2010," said
Ikonisys Chairman and CEO Petros Tsipouras.
"Within the next two years, I anticipate
we will probably double it (space) again."
While the
majority of companies leasing space are
in the biotechnology industry, the organization
could look to move other industries into
space available, said Science Park President
and Chairman David Silverstone.
"It's
important to widen the market beyond just
life sciences," he said.
That could
hinge on what happens with two parcels under
development that would be suitable for light
industrial businesses, Silverstone said.
Science Park
holds the ground lease for several buildings
on the site and directly oversees two of
them, which together comprise 110,000 square
feet of space in one of the buildings.
Two other
parcels are overseen by New Hampshire-based
Lyme Properties and are not yet fully developed.
The lease
agreement announcement comes as one of the
park's biggest tenants, the U.S. Repeating
Arms Co. factor, prepares to shut down by
March 31, leaving 186 workers jobless and
a 235,000-square-foot building empty.
Science Park holds the ground lease for
that building until 2018, and USRAC is searching
for a buyer for the property.
"Obviously,
we're all concerned about the loss of jobs,"
Silverstone said. "That's a clean
site and we'd love to have (a new owner)
come in."
For more information,
contact H. Pearce Commercial Real Estate,
(203) 281-3400, Richard Guralnick ext. 320
or Rodney Waters ext. 372.
H. Pearce
Company REALTORS® is a full-service
real estate company with more than 140 agents
and branch offices in greater New Haven
and the Shoreline. Corporate and Industrial
& Commercial offices are located in
North Haven, where the company was founded
in 1958. All listings can be found in color
on the web at: www.hpearce.com. |
