PhillyInc: Merger Of Real Estate Firms Tied To Life Sciences May Give West Philadelphia Area A Boost

English: Map of Philadelphia County highlighti...

English: Map of Philadelphia County highlighting West Philadelphia (Photo credit: Wikipedia)

For 50 years, the University City Science Center has been where scientists and start-ups have toiled to build the next generation of Philadelphia-area companies.

But to hear science center president and CEO Stephen S. Tang, what would really help nurture that entrepreneurial soup would be if a big life-sciences company were to put its headquarters or research operations in West Philadelphia.

Given that several of the biggest drug companies locally have already made long-term commitments elsewhere, there is nothing on the horizon presently.  But a merger between two real estate firms that focus on life-sciences properties may aid Tang’s quest.

Late last month, BioMed Realty Trust Inc. said it would acquire Wexford Science & Technology L.L.C. in a $640 million transaction.

Read more: http://www.philly.com/philly/business/columnists/20130408_PhillyInc__Merger_of_real_estate_firms_tied_to_life_sciences_may_give_West_Philadelphia_area_a_boost.html#ixzz2PsybwX00 
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