If you need assistance, please call 480-365-8346

Behind the deal: Mayo Clinic, ASU to lead development of biotechnology corridor in north Phoenix

Monday, December 27, 2021   /   by Juan Grimaldo

Behind the deal: Mayo Clinic, ASU to lead development of biotechnology corridor in north Phoenix

Mayo Clinic and Arizona State University officials have been talking about building a biotechnology corridor in north Phoenix since at least 2013, and the project is now closer to fruition.

Mayo Clinic was the winning bidder in an Arizona State Land Department public auction, paying $139 million for a 228-acre parcel next to its Phoenix campus on Dec. 15.

Currently dubbed Discovery Oasis, this biotechnology corridor has been a long time coming.

But the timing is right, ASU President Michael Crow told the Business Journal.

"This becomes one of the most important sites on the planet — literally on the planet," Crow said. "It becomes one of the most important sites for the future of health solutions."

Dr. Richard Gray, who became CEO of Mayo Clinic Arizona in May 2013, said a lot of things have come together over the past several years to bring the project to this inflection point.

To continue reading, click here.

By Angela Gonzales, Senior Reporter - Phoenix Business Journal

The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395
480-365-8346

© 2022 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Juan Grimaldo - Keller Williams Realty Professional Partners - The Grimaldo Group (WINBACK) are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. November 30, 2022
This site powered by CINC: www.cincpro.com