Cincinnati Children’s expands research facilities further

Cincinnati Children’s has acquired a recently constructed office building in the Cincinnati Innovation District, which will be home to over 200 current employees who focus on non-laboratory research. The health system will occupy the top two floors of the six-story, 180,000-square-foot building at 3090 Exploration Ave. The purchase price wasn’t disclosed. JobsOhio provided a $32 million low-interest loan to help Cincinnati Children’s acquire 3090 Exploration Ave., which was built near the Interstate 71/Martin Luther King Jr. Drive interchange by Terrex Development & Construction. The building abuts the south side of MLK near its intersection with Reading Road. As part of the agreement with JobsOhio, Cincinnati Children’s committed to creating 100 new research jobs with a payroll of at least $10 million. Cincinnati Children’s also committed to increasing research that relies on federal funding. The two floors of 3090 Exploration Ave. to be occupied by Cincinnati Children’s encompass a total of 60,000 square feet. The four lower floors, each of which encompasses 30,000 square feet, will be leased to other organizations that complement the innovation environment that continues to grow in Uptown, said Steve Davis, MD, president and CEO of Cincinnati Children’s. “As the leader in improving child health, Cincinnati Children’s...