In an effort led by the Memphis Bioworks Foundation, new buildings will soon rise as the UT-Baptist Research Park begins to take shape. The research park, which is at the heart of a city-wide bioscience development strategy, will lead to $250 million in annual salaries from 5,000 new jobs and have a $2 billion annual economic impact on the Memphis economy. The research park will ultimately consist of 1.2 million square feet of laboratory, research, education, and business development space located on a 10-acre campus.
Baptist Memorial Health Care donated its property, valued at $40 million, in the Medical Center to the Foundation for the site of its research park, the focal point of the biomedical and economic development.
Frequently asked Questions for UT-Baptist Research Park
What is the UT-Baptist Research Park?
Once completed, the UT-Baptist Research Park will be an impressive 1.2 to 1.5 million square feet of world-class laboratory, research, education, and commercial space located in the heart of the Memphis Medical Center.
What will the UT-Baptist Research Park offer?
The UT-Baptist Research Park will offer everything a bioscience company needs in order to succeed. Planned amenities include:
Where did the UT-Baptist Research Park get its name?
When Baptist Memorial Health Care donated the buildings and property to the Memphis Bioworks Foundation, their request was to name it the UT-Baptist Research Park because it is located right next to the University of Tennessee Health Science Center.
How is the UT-Baptist Research Park Connected to the Memphis Bioworks Foundation?
The UT-Baptist Research Park is the first of many projects the Memphis Bioworks Foundation is implementing to build upon the bioscience industry already thriving in Memphis. The UT-Baptist Research Park will help establish the area as an internationally recognized center for the development and commercialization of biomedical technology. The Memphis Bioworks Foundation raised money for the development of the research park. The Foundation also is responsible for leasing the property.
Why is the UT-Baptist Research Park important to Memphis?
The UT-Baptist Research Park provides a state-of-the-art facility which helps solidify Memphis' position as a leader in the bioscience community. This world-class facility will bring 5,000 new jobs into the area, generate $20 million in annual salaries, and will help attract, recruit and retain talent. Overall it will have a $2 billion annual economic impact on the Memphis economy.
Where is the UT-Memphis Research Park located?
The UT-Memphis Research Park is located in the heart of the Memphis Medical Center, a vital, functioning medical district that serves as the center for medical and bioscience research, development and treatment for the Mid-South. Downtown Memphis, a vibrant residential, entertainment and business section, is located just minutes away from the Memphis Medical Center.
What is a Regional Biocontainment Laboratory?
The Regional Biocontainment Laboratory
will be used for biomedical and biodefense research and research training. At the Regional Biocontainment Lab, new drugs, vaccines, and diagnostics will be developed to protect the general population from infectious diseases and bioterrorism.
What is the timeline for the research park?
The UT-Baptist Research Park will be constructed in six phases over 10 years. In the next three years we expect the new Regional Biocontainment Lab, vivarium, pharmacy college and a multi-tenant lab facility to be constructed.
Who do I contact about leasing space?
If you would like to learn more about leasing opportunities at the UT-Baptist Research Park, please contact:
Memphis Bioworks Foundation
20 South Dudley Street, Suite 900
Memphis, TN 38103
901-448-8800
or email: leasing@memphisbioworks.org
