Pharmaceutical Product Development

Address: 8500-8551 Research Way, Madison, WI, 53559

Date Acquired: March 1, 2017

Property Type: Medical

Square Feet: 233,694

Property Highlights

8500-8551 Research Way is a Class A, 233,694 square-foot medical lab in Madison, WI.

The property is 100% leased to Pharmaceutical Product Development (“PPD”); a world-leading Contract Research Organization (CRO) providing chemistry, manufacturing and controls (CMC) laboratory services for all phases of drug development.

The fastest growing segment of PPD’s business is their laboratory services, which is only housed in 2 locations -this property in Madison, WI, as well as a property in Athlone, Ireland (the Madison location has 9 times the number of employees). As it is mission critical to their US-based operations, PPD has been a long-term, highly-invested tenant at this property since it was built in 1996.

Additional Property Information