A new modern office building that will house office and laboratory space for bioscience companies is set to be built in downtown Phoenix.
The project belongs to Wexford Science & Technology of Baltimore and will see the completion of a building that will look very much like another structure the company earlier put up in Phoenix.
That initial 227,000 square-foot structure, officially called the 850 PBC, was built in 2021 in a partnership with Arizona State University as part of the Phoenix Bioscience Core campus.
The seven-story 850 PBC building houses everything from university research to corporate offices, workforce development, and collaborative space.
Now Wexford wants to build a second bioscience collaborative structure within the 30-acre Phoenix Bio Core campus that is expected to cost around $100 million to complete.
According to plans, the new structure will go up next to the existing 850 PBC building and will be of a similar size.
Wexford’s plans for the second building were announced in the wake of a decision by the National Institutes of Health to sign a lease for some 35,000 square feet of space on the original building’s seventh floor.
Kyle Jardine, Wexford marketing executive, said in a statement that the addition of the NIH facilities “reaffirms the PBC as Arizona’s central hub for life science research and entrepreneurship.”
Founded nearly two decades ago, Wexford specializes in the building of what are known as “innovation ecosystems,” and has spearheaded projects in partnerships with the University of Maryland, Duke University, and Washington University in St. Louis, among other institutions of higher learning.
By Garry Boulard
