Nucleate helps to forge next generation of biotech technologies in Scottsdale
Staff Reports | Digital Free Press
Found along Loop 101 at Scottsdale Road is the Ilume Innovation Center — a versatile 370,000-square-foot Class A, LEED-certified building able to serve life sciences, medical and office tenants — and the new Arizona headquarters for Nucleate.
Nucleate is a nonprofit entity representing biotech entrepreneurs from across the globe, Cushman & Wakefield officials report.
Ilume, 19001 N. Scottsdale Road, comprises four stories and is owned by Stockdale Capital Partners, a Los Angeles-based real estate investment firm. Cushman & Wakefield’s Alexandra Loye, Scott Boardman, and Kristina Cutillo in Phoenix represented the landlord in the transaction, according to a press release.
“ILUME Innovation Center is proud to have been selected as the headquarters of Nucleate Arizona. As the largest student-led community of bio-innovators launches its Arizona chapter, Stockdale Capital Partners is thrilled to support Nucleate’s expansion into one of the leading emerging bioscience markets in the country,” said Leo Divinsky, managing director of Stockdale Capital Partners.
“ILUME’s combination of wet lab, office, infrastructure and amenities include a 110-seat auditorium in a Scottsdale location across the street from the Mayo Clinic. It is positioned for leading life sciences and technology firms to discover, innovate and thrive.”
Nucleate officials say they entity has planned a suite of initiatives including conferences, speaker panels, networking events, mentor connection, expert industry guidance, and other community building and educational programs.
The student leaders of this chapter are graduate students from University of Arizona and Arizona State University, the release states.
Cushman & Wakefield recently announced Stockdale is committing over $20 million on a major renovation plan to finish converting Ilume to be a fully lab-enabled life science facility. Stockdale acquired the property in 2019. The building was originally designed by famed architect Will Bruder and served as the former Henkel North American headquarters.
