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
Denverhollingsworthheadshot

Debunking the Myths of Bulk WiFi

Denver Hollingsworth - Epproach Communications
1 shaun olsen 300x300

Marco Marsala: A Cautionary Tale

Shaun Olsen - CloudWyze
Billhunter300x300 b&w

Why Were These Our Most-Read Insight Articles in 2017?

Bill Hunter - Wilmington Design Company

Trending News

Organic Grocer Earth Fare Coming To Wilmington

Cece Nunn - Jan 19, 2018

Local Screen Printing Shop Gets New Owners, Plans To Relocate

Christina Haley O'Neal - Jan 19, 2018

New Office Condo Fully Leased; Includes Stevens Fine Homes Design Center

Cece Nunn - Jan 19, 2018

BCC, UNCW Construct Allied Health Facilities To Meet Demand

Christina Haley O'Neal - Jan 18, 2018

Lifeline Treatment Center Expanding With Oleander Drive Lease

Cece Nunn - Jan 18, 2018

In The Current Issue

Local Army Corps Team Has Full Plate

When two Category 5 hurricanes decimated the Virgin Islands in late summer, the Wilmington Army Corps of Engineers was tapped to lead the re...


Spectrum Expands Its Offerings On Bald Head

Spectrum recently launched new offerings for residential and business customers on Bald Head Island....


Two Local Firms Rank On Entrepreneur’s 360 List

Two companies with local ties made it on the Entrepreneur 360 list of the “Best Entrepreneurial Companies in America” for 2017....

Book On Business

The 2017 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