University Enterprise Laboratories Invests $23M in St. Paul Expansion
06/14/2010
Two years ago UEL outsourced its leasing and management operations, laying off its entire staff. Now its building has no vacancies, and the company expects a high demand for its space.
"We have seen an increasing amount of biotech start-up activity," said Paul Knapp, UEL board chairperson. "The building is full, we have a long list of happy tenants. We're now looking to the future and trying to find ways to further our mission."
UEL expects most of the project's funding to come from private sources.
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