National CRE News In Your Inbox.

Sign up for Connect Daily to stay informed and save time. Connect Daily is our email publication that provides you with the latest and most relevant CRE stories of the day all in 150 words or less.

Sub Markets

Property Sectors

Topics

National  + Michigan  + Healthcare  | 

Harrison Street, MSU to Partner on Research Hub

Harrison Street Social Infrastructure Fund formed a partnership with Michigan State University (MSU) to develop the 205,659-square-foot Doug Meijer Medical Innovation Building at MSU’s Grand Rapids Innovation Park.

The investment is structured under a public-private partnership (P3) development model with Harrison Street leading the capital commitments from a joint venture that consists of Murphy Development Group, Walsh Investors and Rockford Construction.

“Harrison Street is committed to identifying creative ways to provide strategic capital through public-private-partnerships, as well as substantial operational resources, that ensure our partners, tenants and communities have access to high-quality facilities to help accomplish their goals,” said Christopher Merrill, co-founder, chairman and CEO of Chicago-based Harrison Street.

Under the P3 arrangement, MSU will retain long-term ownership of the land and make up half of an operating committee. The facility has executed long-term contracts with MSU, Spectrum Health, and BAMF Health. A fall 2021 completion is expected.

Connect With Harrison Street’s Merrill


Subscribe to Connect Daily National

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types as well as delving into broader subject matter. He produces 15-20 daily news stories per day and also works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.

  • ◦Development
New call-to-action
Valbridge-03-cube
New call-to-action
New call-to-action