(Sioux Falls, SD) Sanford Health unveiled today additional plans for the new Sanford Research Park. This includes announcing an agreement with nationally known developer Ryan Companies US, Inc. Ryan Companies division from Des Moines, IA will partner with Sanford Health and Sioux Falls commercial real estate firm, Hegg Companies, to develop, design and market the Sanford Research Park.
Located at the southern entrance to Sioux Falls near the intersection of Interstate 29 and Interstate 229, the 185-acre Sanford Research Park will be home to all of Sanford Research/USD. Design of the first building is well underway with construction of the approximately 100,000-square-foot facility expected to begin spring 2009. This first phase of the Sanford Research Park is expected to be completed in 2011.
Sanford has enlisted two organizations with great experience and reputation to aid us in developing our state-of-the-art Research Park, stated Dave Link, Sanford Health Executive Vice President. In addition to assisting us in recruiting businesses to the development, these two companies will also provide guidance in how to successfully plan, grow and market the Research Park from a real estate perspective.
Ryan Companies has experience in building research and healthcare projects similar to buildings located within the Sanford Research Park. These types of buildings are very specific in design and construction.
With the size of our project and intricacies of a project like a medical research park, we needed someone with experience in large project development. Ryan Companies has a great resume of successful projects across the country of this size and scope, added Link.
The entire park has space for over two million square feet of office, research, retail and light manufacturing buildings. In addition to hosting Sanford researchers, the Sanford Research Park also has room for multi-tenant office or lab space.
In addition to the office and research component, other local developers plan for retail, convention and other lifestyle amenities immediately to the south of the park. Additional residential developments are also possible because of the areas expected growth.
Stacy Bauer Jones | Media Relations Coordinator
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