FOR IMMEDIATE RELEASE
Buffalo Niagara Medical Campus, Inc. to Acquire Former Osmose Holdings, Inc. Property at 980 Ellicott Street
Adding Property Addresses Need for Additional Office Space and Parking
Buffalo, N.Y., June 29, 2016 – The Buffalo Niagara Medical Campus, Inc. (BNMC) today announced plans to purchase property located at 980 Ellicott Street on the Medical Campus from Osmose Holdings, Inc. The 4.4-acre site is located on the northern end of the Medical Campus and includes the majority of the block bordered by Ellicott, Main, Best and Dodge Streets. It includes office, laboratory and warehouse space, as well as two parking lots with wp-contentroximately 200 spaces. The deal is expected to close late this summer.
Plans for the property have not been finalized although it will likely include renovations to the existing buildings in order to make it available to current companies on the Medical Campus that are in need of additional office and/or laboratory space, and to new companies seeking to locate to the Medical Campus. The current parking lot will provide additional Campus parking. The property is ideally located adjacent to the Summer-Best Metro rail station.
Matt Enstice, President and CEO of the BNMC stated, “The long term vision of the Medical Campus as an economic driver is now becoming a reality as young companies located here are growing and are in need of more space, and others are realizing the value of locating in close proximity to Medical Campus resources. We are thrilled to add this property to our portfolio to address two of the biggest needs on the Medical Campus today: additional room for companies to grow and support for our overall transportation plan in the form of both additional parking spaces and proximity to transit.”
About the Buffalo Niagara Medical Campus, Inc. (BNMC Inc.)
The Buffalo Niagara Medical Campus, Inc. (BNMC Inc.) is a self-sustaining social enterprise successfully combining innovation, job creation, and urban revitalization. It serves as the umbrella organization of the anchor institutions that make up the Buffalo Niagara Medical Campus located within the 120-acre campus bordering Allentown, the Fruit Belt and Downtown. The BNMC Inc. fosters conversation and collaboration among its member institutions, its partners and the community to address critical issues impacting them, including entrepreneurship, energy, access and transportation, workforce and procurement, neighborhoods, and healthy communities, with the goal of increasing economic development and building a strong community. bnmc-old.local.
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