Completion of Innovation and Research Park Final Wet Lab Buildout Aided by $2 Million in State Matching Funds

Rosalind Franklin University (RFU) recently announced the completion of the final buildout of 14,000 square feet of wet lab space in its Innovation and Research Park (IRP). Funds awarded in October 2021 by the Illinois Department of Commerce and Economic Opportunity (DCEO), were paired with $2 million from RFU.

“We’re creating an environment where academic and industry scientists can work together to solve complex health challenges,” said RFU President and CEO Wendy Rheault, PT, PhD, FASAHP, FNAP, DipACLM. “We’re grateful for state resources that encourage investment and drive innovation.”

Demand for wet lab space continues to grow along with investment in life sciences in the Chicago region. According to non-profit Lake County Partners, the buildout activity at RFU confirms that Chicagoland is fast “emerging as the life science industry’s ‘third coast.’” Lake County is home to more than 140 life science companies, supports 33,000 life science jobs — a job market that is growing 10% per year — and generates $85 billion in global sales.

RFU has recruited the real estate brokerage firm Avison Young to attract life science industry tenants. The buildout encompasses 8,000 square feet — two labs of approximately 4,000 square feet each — on the IRP’s first floor and 6,000 square feet divided into nine individual labs on the second floor. The work includes installation of chemical fume hoods, biosafety cabinets and emergency back-up power.

Source: Rosalind Franklin University

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