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What’s next for Innovation Square?

What’s next for Innovation Square?

AyersPlazaOldRendering[1]Last week Front Street Commercial Real Estate Group announced that it had been selected to work with the University of Florida and JLL as the local property management and leasing agent for Ayers Plaza at Innovation Square. UF has engaged JLL, a professional services firm specializing in commercial real estate, to manage UF’s assets in and around Innovation Square to accelerate progress in the area.

“Innovation Square is an important part of UF’s drive to preeminence,” said Lee Nelson, director, Office of Real Estate, University of Florida, “In order to compete with the universe of innovation districts around the country, UF enlisting JLL and Front Street will enable the message of Innovation Square to be spread to the potential users and developers who will find value in creating something at one of the country’s premier research universities.”

Ayers Plaza is a key property at Innovation Square, as it has space available immediately for interested businesses wishing to capitalize on the strategic location in proximity to UF’s main campus. As JLL and UF work with site selectors, corporations and developers on the surrounding shovel-ready acreage, Front Street will work to fill existing office space in alignment with current area tenants.

“Front Street is pleased to partner with UF and JLL to build further momentum within Innovation Square by managing and leasing Ayers,” said Nick Banks, managing director, Front Street, “Our brokers in Gainesville and throughout the state are excited to bring new companies to our region.“

With expansion of the Florida Innovation Hub scheduled for completion in 2018 and JLL working to identify leasees for surrounding properties, existing office space at Ayers Plaza offers an immediate opportunity for businesses to maximize public-private partnerships and to connect technology and research offerings from UF with the market.

There is momentum building behind projects of this scope in greater Gainesville. Front Street has already started marketing Ayers Plaza in coordination with UF and JLL as part of a long-term vision for Innovation Square and the surrounding area. The Chamber will work assist with economic development and business growth efforts as this project moves forward.

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