Drug discovery service provider Recursion recently doubled the size of its headquarters at The Gateway in downtown Salt Lake City, signing a new lease for an additional 100,000 square feet, according to Vestar. The Gateway is a mixed-use lifestyle and entertainment district featuring 1.2 million square feet of retail, dining and office space as well as 1,200 multifamily units.
Recursion originally signed a lease in 2018 for 100,000 square feet at The Gateway, where it currently has more than 250 employees. The company is expected to expand into its new space in second quarter 2022.
“To deliver on our mission, we have grown our world-class team of scientists, engineers, clinicians and company builders by more than 60 percent in the last year,” said Tina Larson, Recursion president and COO. “Expanding our laboratory footprint will allow us to grow our proprietary biological dataset even faster, and add several novel capabilities in biology and chemistry research.”
Recursion’s expansion comes after the formation of BioHive, a new public-private collaboration that will expand business development in Utah’s growing healthcare innovation sector. These firms have joined with local economic development and industry backers to represent more than 1,000 Utah companies in the biopharmaceuticals, medical devices, diagnostics, genomics, biotechnology, health tech and digital informatics fields. The Gateway sits at the epicenter of BioHive.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.