Wexford Science & Technology, announced that the National Institutes of Health has signed a lease at 850 PBC and will use the space to accommodate the Phoenix Epidemiology & Clinical Research Branch of the NIH's National Institute of Diabetes and Digestive and Kidney Diseases . This innovative basic, translational, and clinical research center will occupy the entire 7th floor of 850 PBC, comprising approximately 35,000 square feet.
"We are thrilled to announce the expansion of National Institutes of Health - NIDDK on the Phoenix Bioscience Core at 850 PBC," said Kyle Jardine, Market Executive at Wexford Science & Technology. "NIH is a key research catalyst for our existing tenants, and reaffirms the PBC as Arizona's central hub for life science research and entrepreneurship. We know NIH will be a tremendous addition to our community, and we look forward to supporting their important work for decades to come."
NIDDK, which has conducted world-renowned research in Arizona since 1965, relocated its genomics section to the second floor of the TGen building in 2005. The new lease at 850 PBC will allow all sections of NIDDK Phoenix to be co-located in the Phoenix Bioscience Core. The increase of epidemiologists, statisticians, and inpatient and outpatient scientists will lead to additional partnerships in the downtown Phoenix ecosystem. NIDDK conducts and supports research on many of the most common, costly, and chronic conditions to improve health outcomes, including in populations at higher risk for these conditions, such as Arizona's Native Communities.
Phoenix continues to grow in research funding, capabilities, and prominence as a bioscience hub. Most recently, it was named one of the fastest-growing emerging life science markets, according to CBRE, and has experienced a 33 percent growth rate in life science researchers over the past five years; the third-fastest rate among emerging markets in the United States. This, coupled with more than 90% growth in Biological and Biomedical Science degrees awarded, creates the assured talent pipeline that life science organizations need to thrive.
"It's an incredible win for Phoenix that more members of the NIDDK team will join our Phoenix Bioscience Core," City of Phoenix Mayor Kate Gallego said. "Right here in Phoenix, researchers from NIDDK have already made landmark discoveries in the fields of type 2 diabetes and obesity research, including writing the first clinical definition of type 2 diabetes adopted by the World Health Organization. The City's partnership with NIH is poised to drive even more advancements in clinical research and genomics, further solidifying Phoenix's position as a hub for cutting-edge scientific discovery. Together, we will continue to make strides in improving the health and well-being of our communities and beyond."
"The decision by NIH to co-locate with ASU at the Phoenix Bioscience Core is proof positive that PBC has emerged as the center of gravity for advancing health and bioscience research," said Sally C. Morton, Executive Vice President of Knowledge Enterprise at ASU. "There is no doubt that this will foster opportunities for even greater research collaboration that coincides with the launch of ASU Health, including our new Medical School and School of Public Health Technology. The collaborative effort at PBC is paying dividends that everyone can be proud of."
SmithGroup will be designing the NIDDK space, Okland Construction will be the general contractor, and Cushman and Wakefield's Alexandra Loye, Scott Boardman, and Scott Johnston represented Wexford in the lease transaction.
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