Pharmaceutical Product Development
Address: 8500-8551 Research Way, Madison, WI, 53559
Date Acquired: March 1, 2017
Property Type: Office
Square Feet: 233,694
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