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13859 Progress Blvd, Alachua, FL 13631 Progress Blvd, Alachua, FL 13545 Progress Blvd, Alachua, FL
Progress One, Two, & Three
Asset ClassSpecial Purpose, Office, Industrial
MSAGainesville, FL
Square Feet: 99,870Occupancy: 100%# Buildings: 3Access Data Room
Three Building, Lab | Biotech | R&D Flex Portfolio located in the Progress Park District of the Gainseville, FL MSA
overview of deal

Overview

Agility Commercial Real Estate, LLC ("Agility") is pleased to offer qualified investors the opportunity to acquire the leased fee interest in a three building portfolio of Laboratory | R&D Flex space in the 100.0% occupied, 99,870 square feet, three building portfolio known as Progress One, Two and Three.

 

The assets are located in Progress Park, a 204-acre medical research and biotech park consisting of nearly a million square feet of office, laboratory, research and development space, and light manufacturing in Alachua, Florida. The park was master planned in 1981 in cooperation with the University of Florida Foundation with the purpose of providing a research park where University licensed technology could grow and mature in conjunction with private companies. This has resulted in one of the most successful Biotech-parks in the country and the overall Progress District expansion to over 800-acres.

 

The properties were constructed in 2007 & 2009 and consist of three buildings totaling 99,870 square feet of net rentable area situated on approximately 9.5 acres. (All properties are under the same ownership and managed as one although they have separate parcels and could be owned individually). All the tenants that occupy the buildings in the portfolio are science and biotech focused with the largest user being Thermo Fisher Scientific, Inc., an international conglomerate with over $40 Billion in sales.

 

 

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Investment Highlights

Agility is pleased to offer Progress One, Two, and Three to qualified investors in Progress Park area of the Gainesville, Florida MSA.

 

  • The Properties are currently 100.0% occupied totaling 99,870 square feet on approximately 9.5 acres.
  • Thermo Fisher Scientific, Inc., occupies 48.4% of the total space, has in excess of $40B in revenue globally, and is investment grade rated A3.
  • Brammer Bio, LLC (Thermo Fisher) has been a tenant for over 10 years, and recently excercised its first lease option.
  • Thermo Fisher recently (2021) invested over $6 million in its space and operating businesses.
  • Jones Edmunds & Associates, recently moved into its new HQ building (Progress Three) and entered into a new 10-year lease and completed a new interior fit out.
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13859 Progress BlvdAlachua, FL 32615
University of Florida
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Listing provided by Revere CRE