San Diego developer building biotech lab in Valley
Summary:
A San Diego-based developer is returning to Valley roots with plans to build a three-story biotech lab at the Papago Park Center in Tempe.
Full Story:
A San Diego-based developer is returning to Valley roots with plans to build a three-story biotech lab at the Papago Park Center in Tempe.
Lee Chestnut, who attended Moon Valley High School and Arizona State University, will build the $60 million project on speculation. He plans to develop not only a 35,000 square foot biotech lab but also a 225,000 square foot corporate office building. Chestnut is also negotiating for an additional 80,000 square feet of biotech space.
Groundbreaking is set for September and the building is scheduled for completion by January of 2008.
For more information:
"Developer to build offices, biotech lab," Arizona Republic, 01/7/2006