Innovation Campus, a public-private technical park established by the UWM Real Estate Foundation, has attracted its first private tenant.
ABB Inc. and Zilber Property Group have entered into a Letter of Intent to develop a three-story office building at the campus, located on the Milwaukee Country Grounds. The proposed 95,000-square-foot building is intended to house ABB’s businesses operating in Southeastern Wisconsin.
Innovation Campus offers collaborative facilities that bring industry, academic and medical practice together near Wisconsin’s largest academic health cluster, attracting companies to the region while also spinning off companies directly from UWM research. This powerful intersection will launch local intellectual property for the new century, creating jobs while enhancing research and UWM graduate education.
ABB’s interest comes just as UWM is ready to break ground on its first academic building at the site, the Innovation Accelerator building, which is being constructed with a grant from the federal Economic Development Administration.
UWM researchers working in biomedical devices and engineering, ergonomics, and advanced materials and manufacturing will occupy the accelerator, putting them in a convenient position to link with researchers at the Medical College of Wisconsin, BloodCenter of Wisconsin, GE Healthcare and the Milwaukee County Research Park.
But a significant portion of the Innovation Campus property is reserved for private-sector development, providing space for companies interested in partnering with UWM or any other academic institutions or research-intensive industries.
