Happy Valley has been making headlines as a greenhouse for economic growth. It has fused education, research and business to create an environment that’s conducive for starting and growing businesses.
CNNMoney credits the highly-educated workforce and resources of Penn State as benefits in its top 100 places to live and launch. Livability.com calls Happy Valley one of the best cities for entrepreneurs, with statistics on venture capital deals, how much funding business owners received from SBA and 7(a) loans and how much money residents spent within their community.
Businesses looking for an environment that takes the best of Penn State and the area’s economic energy and combines them with support services, world-class childcare and entrepreneur resources find Innovation Park at Penn State at the top of their list. More than just real estate, Innovation Park offers a dynamic workspace community that creates opportunities for like-minded leaders and companies to connect for their mutual benefit. With 118 acres of remarkable office, manufacturing and research space, it is part of one of the world’s premier research institutions, with access to Penn State’s scientific, engineering, technology and business resources, as well as the support services needed to transfer knowledge from the University to the marketplace.
The network of resources also includes the Technology Center Incubator and Ben Franklin Technology Partners and its TechCelerator, both designed to offer support to early-stage entrepreneurs, inventors and Penn State faculty; and the coolBLUE community. Tenants enjoy an array of amenities, including excellent parking and regional accessibility; amenities like the hotel and conference center, walking trails, daycare service, free public bus transit; and the confluence of multi-faceted workplaces and events at the Park that make for a unique business environment.
Tom MacDonald is a senior managing director for Newmark Knight Frank and is the long-time (since 2001) commercial realtor that leases several of the buildings at the Park on behalf of GLP Development. He says, “Our available suites are ideally suited for companies seeking small, medium or large-size, high-quality space. We have a wide-ranging roster of tenants and uses in both research and professional services. Various research-related entities; multiple engineering disciplines; high-tech industries; and accounting, legal and financial services are among the user groups here.”
Morgan Advanced Materials opened its new multi-million dollar Carbon Science Centre of Excellence at 310 Innovation Boulevard, Innovation Park’s newest facility. It is a state-of-the-art, 10,000-square-foot laboratory dedicated to the materials science study in the carbon field.
“Morgan is a global operation headquartered in London and we are very proud for having Morgan select Innovation Park for this new venture,” MacDonald says. The 310 Innovation Boulevard building is a single-story, high-bay facility with exceptional power supply capacity. This unique design allows for multiple uses to function in the facility, such as laboratory, light manufacturing and high-grade office space. The 310 Innovation Boulevard building currently has a first-floor, 19,000-square-foot space available that is suited for flex and light manufacturing.
Comparatively, Buildings 328, 329, 330 and 331 Innovation Boulevard offer some of the region’s highest-grade multi-story, multi-tenant Class A Office space, each presented in an all-brick and glass envelope, with abundant parking capacity.
MacDonald says Innovation Park is the best place to start out or take a business to the next level. “I believe it starts with having a well-conceived, well-designed, well-owned and managed environment,” he says. “You want opportunities for your business to flourish and problems to be promptly taken care of as they inevitably arise unexpectedly. There is great comfort in knowing that your business, clients and employees will enjoy their daily experience coming to the Park. All are treated with great care and attention. Your business can grow on any scale here and there is a consistent high quality of life at Innovation Park.”
To make an appointment to see one of the available spaces, or to learn more about how your business can prosper at the Park, you can contact Tom MacDonald at 412-716-8452 or tmacdonald@ngkf.com.
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