CBRE biotech assignment.

CB Richard Ellis has been recommended by Palm Beach County staff as the exclusive consultant, marketer and brokerage firm for the proposed Palm Beach County Bioscience Research Park.

CB Richard Ellis was selected from a field of five major brokerage providers due to its unmatched service experience in bioscience/ pharmaceutical real estate and ability to access a global network of contacts while maintaining a strong South Florida presence.

CB Richard Ellis will initially act as a consultant. The firm will then analyze the economic impact of such a park on the surrounding area, demographic and other regional trends, and assess the existing 1900-acre Master Plan's proposed mix of retail, research and development and commercial space for both practicality and feasibility in the current market.

Once a site is determined, CB Richard Ellis will then move into a more marketing services role by formulating and implementing a strategic plan to identify potential tenants and/or owner/occupants for the remainder of the park.

Patricia Ardigo, Group Leader of CB Richard Ellis' Life Sciences Group who is based in CBRE's Connecticut office, will head the team charged with the Research Park assignment. South Florida professionals Robert Smith, First Vice President, and Michael Klotz, First Vice President, will act as day-to-day brokers for the project. Tom Jirovsky, Senior Managing Director of the firm's Sedway Consulting Group, will provide strategic advisory.