PPD renews 225,000-SF lease at Austin’s Mercer Business Park

AUSTIN – Pharmaceutical Product Development (PPD) has renewed its lease for 224,979 sf at MetCenter 10, a 345,600-sf building that is part of the 550-acre, mixed-use MetCenter Business Park on SH 71, just west of Austin-Bergstrom International Airport.

PPD, which will use the medical office space as a 300-bed drug trial facility, is a leading global contract research organization providing drug discovery, development, lifecycle management and laboratory services and products for pharmaceutical, biotechnology and medical device companies.

The MetCenter 10 building features state-of-the-art communications technology, back-up generation, and access to the business park’s two 400 megawatt substations, fiber optics, five national hotels and hike and bike trails.

Read more at CoStar Group.