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Oct. 11, 2013

Venture West Awards Marketing of 535-Acre Tucson Business Park to CBRE

By Balazs Szekely, Associate Editor

The 535-acre business park sits in the heart of Tucson’s bio-science region in Oro Valley. Venture West,who has owned the property since 2007, awarded a team of six CBRE brokerage professionals with the marketing and leasing of the realty.

According to AZRE MagazineTim Healy and Bob DeLaney will focus on the industrial space, David Montijo and Jeff Casper will handle office and medical space while Nancy McClure and Michael Laatsch will oversee retail space.

Innovation Park is already a major base for biotech firms. In this, the proximity of University of Arizona plays a key role being a rich source of freshly graduated intellectual workforce. The university‘s Biosphere 2 research complex and Bio5 Institute also represent a great advantage to the Innovation Park.

World-class technology and science companies as well as nonprofit associations, including Ventana Medical Systems and Sanofi, have divisions currently housed in the complex. Avionics products supplier Securaplane Technologies has already announced to move into a newly-constructed, 55,000 square-foot spaceBy the end of 2013. Securaplane’s development is the first project to operate under the so-called Economic Expansion Zone approved by the Town of Oro Valley in October 2012. EEZ is an overlay district that covers Innovation Park and is meant to encourage economic development by reducing the time required to establish or expand a business by making the approval process easier for projects that meet all zoning standards. The 565-acre field features 193 acres of natural open space, walking paths and hiking trails and proximity to Catalina State Park.

Photo credits: Innovation Park

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