NYSCF to build new Manhattan state-of-the-art laboratory and research facility

The New York Stem Cell Foundation (NYSCF) and Taconic Investment Partners LLC have announced their signing of a multi-year lease for a new, 42,000-square-foot, state-of-the-art laboratory and research facility.

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Dec 07, 2015
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Following a 20-year lease with Taconic Investment Partners LLC (NY, USA) for 42,000-square-foot of space, The New York Stem Cell Foundation (NYSCF; NY, USA), a world leader in stem cell research and the development of pioneering stem cell technologies, is set to create a new state-of-the-art laboratory and research facility. The space, more than double what NYSCF currently has, will also include offices, merging its two existing sites into one central location.

“As we expand NYSCF to make room for new collaborations and further cutting-edge research we are excited to help develop and strengthen midtown Manhattan as a major biotechnology hub,” commented Susan Solomon, NYSCF CEO and Co-Founder. “Bringing together our laboratory and office at 619 West 54th allows us to not only physically grow our footprint, but also expand our technological capacities and programs, a fitting step for NYSCF as the organization celebrates its tenth anniversary.”

The building NYSCF will be renting, 619 West 54th Street, is currently home to medical and research tenants such as Roosevelt Surgery Center and The Rogosin Institute. “The New York Stem Cell Foundation is an excellent addition to 619 West 54th Street’s impressive array of tenants and the building is perfectly suited to accommodate their variety of uses and the infrastructure required for their new lab and research center,” said Paul Pariser, Co-CEO of Taconic Investment Partners.

NYSCF is one of the leaders in stem cell research and education in the USA, despite being only 10 years old. Its expanding operations show Manhattan’s growth as a biotechnology center. “Bio-technology is quickly becoming one of the driving forces of the 21st century economy, and we are committed to making New York City the best place in the world for the industry,” said Maria Torres- Springer, President of the NYC Economic Development Corporation. “The New York Stem Cell Foundation has long been a lynch pin for the sector, providing a base for the latest cutting-edge research right here in New York, so it’s been a pleasure to help the foundation finance a brand new headquarters in midtown. We’re very excited to help The New York Stem Cell Foundation continue to grow in the five boroughs.”

Sources: http://nyscf.org/news/nyscf-in-the-news/item/1915-nyscfs-new-home-featured-in-wsj-xconomy; www.xconomy.com/new-york/2015/12/03/ny-stem-cell-foundation-grows-eyes-forming-big-apple-bio-incubator/.

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Alexandra Thompson

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