Print
Real Estate - Commercial

Technology Firm Setting Up Lab In UNCW Facility

By Cece Nunn, posted Dec 12, 2017
MicroSolv Technology Corp. has leased lab space in the University of North Carolina Wilmington's MARBIONC center. (Photo courtesy of UNCW)
A company that previously moved its headquarters to Leland from New Jersey is currently moving its production and support laboratory from the state of New York to a UNCW facility in Wilmington.

MicroSolv Technology Corp., a firm that manufactures and markets technology used in analytical, organic and biochemistry laboratories, has leased about 900 square feet in the University of North Carolina Wilmington’s MARBIONC center, part of the university's CREST Research Park at 5600 Marvin K. Moss Lane.

It's been the company's intention all along to consolidate all of its divisions in the Wilmington area, said Bill Ciccone, president of MicroSolv. The firm's offices, packaging, warehouse, accounting and marketing departments are in Leland and will stay there.

"But instead of building in Leland, we decided to lease the laboratory space in the university because we're going to be collaborating with the university at many levels," Ciccone said. "It's a good thing for both of us."

Right now, some of the company's research is also done in a California facility, but "we're hoping to bring that to Wilmington maybe in 2019," he said.

Ron Vetter, associate provost of research and dean of the graduate school at UNCW, said this fiscal year will mark the first time that revenues will exceed expenses in the portion of MARBIONC leased to industry tenants, if everything holds as it stands now.

The leased portion of the 69,000-square-foot MARBIONC center, which is short for Marine Biotechnology in North Carolina, has seven tenants including MicroSolv, with about five spaces left to lease depending on their configuration, Vetter said. Of the last two tenants to join the industry list before MicroSolv, one picked MARBIONC over a facility in Boston and another chose the UNCW center after looking in Research Triangle Park, he said.

Other lab space in the center used for academics and university research.

The facility was finished in 2013 and accepted its first industry tenant in 2014, with the current general lease rate around $34 per square foot, though that number varies depending on a tenant's lease agreement, Vetter said.

"We market it and we have a leasing agent that's on staff who's out there trying to help us get additional tenants," Vetter said. "We'd like to fill it [completely] next year."

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
Geofflosee300x300 10221511305

N.C. Court of Appeals Issues Important Land Use Development Decision

Geoffrey Losee - Rountree Losee LLP
Webilm julieformal kellystarbuckcom mg 5471

Traveling for Business, Leisure or Bleisure?

Julie Wilsey - Wilmington International Airport
Lyleheadshot2017 1251720228

Four Keys to Success for Your Business's Next Charity Event

JC Lyle - Wilmington Area Rebuilding Ministry

Trending News

Live Oak Bank Names New President

Jenny Callison - Apr 23, 2018

Developer Of The Avenue Won't Seek Development Agreement

Cece Nunn - Apr 23, 2018

Four Local Startups Led By Women Selected For NC IDEA Program

Christina Haley O'Neal - Apr 24, 2018

South State-Park Sterling Merger Now Complete

Jenny Callison - Apr 23, 2018

UNCW Names Miles Lackey Vice Chancellor For Business Affairs

Christina Haley O'Neal - Apr 24, 2018

In The Current Issue

Area Attorneys Land On 2018 LEGAL ELITE List

On this year’s Business North Carolina annual list of Legal Elite lawyers, 705 attorneys were selected, fewer than 3 percent of the state’s...


DACA In Limbo, Dreamers Plan Carefully

Kevin Lara was just 8 years old when he, his mother and sister left their home in Guatemala, journeyed through Mexico and crossed the river...


In Case Of GenX

Michael Kiser is one of four plaintiffs in consolidated toxic tort cases, proposed as a class action, filed in U.S. District Court in the Ea...

Book On Business

The 2018 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

WilmingtonBiz Expo - Keynote Lunch with John Gizdic, CEO, New Hanover Regional Medical Center
Wilmington's Most Intriguing People of 2017
2017 Health Care Heroes