Wasatch Commercial to Develop Biomerics HQ
- May 03, 2017
Wasatch Commercial Management is managing the location selection process, building design and construction of a 230,000-square-foot headquarters for Biomerics. The medical device manufacturer catering to the cardiovascular market plans to relocate its corporate headquarters to a new facility in the International Center west of the Salt Lake City International Airport. The asset will include corporate and engineering offices, research & development labs and clean-room manufacturing.
The property can accommodate up to 600 employees and will include a full range of manufacturing technologies, including implantable material polymerization, molding, extrusion, coating and catheter assembly. The facility is planned to be FDA and ISO-13485 registered for medical device manufacturing and is slated for completion in the second quarter of 2018. The property will have easy access to Interstate 80.
Biomerics announced in March its plans to invest $39 million in a new headquarters and to add more than 380 new jobs in the next eight years. The State of Utah Governor’s Office of Economic Development provided nearly $3 million in tax incentives for the investment. Biomerics has five locations, with facilities in Minnesota, Utah and Ireland. Wasatch manages more than 3 million square feet of commercial office and retail properties owned by affiliated entities throughout Utah, California, Arizona and Washington.
Image courtesy of Biomerics