Commercial Texas Represents LabNow Inc. in the Negotiation of New 5,700 S. F. Lease
Commercial Texas LLC, a leading Austin-based commercial real estate services firm, announces representing LabNow Inc., developers of a Point-of-Care diagnostic system for HIV/AID(S) patients, in the lease of their 5,700-square-foot Austin center. LabNow, which recently received $14 million in funding, is opening its new office at Barton Oaks Plaza II in Austin, Texas.
(PRWEB) January 9, 2005
Commercial Texas LLC, a leading Austin-based commercial real estate services firm, announces representing LabNow Inc., developers of a Point-of-Care diagnostic system for HIV/AID(S) patients, in the lease of their 5,700-square-foot Austin center. LabNow, which recently received $14 million in funding, is opening its new office at Barton Oaks Plaza II in Austin, Texas.
“We are very excited about our technology and continuing the development of our company,” stated Richard Hawkins, President and CEO. “Commercial Texas worked with us to determine our specific operating space and facilities requirements as an emerging company and provided us with many potential options and alternatives.”
Carl Condon and Mike Kennedy with Commercial Texas represented LabNow. Derek Silva, with NAI, represented the landlord in the transaction.
LabNow, based in Austin, has developed the LabNow System to conduct healthcare-related diagnostics at the point-of-care. The company will begin marketing a first-of-its-kind test, CD4Now, which will rapidly and accurately assess CD4 counts on HIV/AIDs patients to determine their response to antiretroviral therapies.
About LabNow
LabNow, Inc. is a diagnostic device company seeking to improve the quality of patient care and lower overall treatment costs through deployment of rapid, point-of-care, physician office-based diagnostic testing systems. The company, located in Austin, Texas, has licensed novel lab-on-a chip sensor technology from The University of Texas (UT) that performs complex fluid analysis more quickly, more accurately, and at a lower cost than current methods. The microfluidics sensor technology has broad medical, homeland security, environmental chemistry and process engineering application potential.
About Commercial Texas
Based in Austin, Commercial Texas is a leading commercial real estate services firm dedicated to providing clients with experienced and strategic real estate guidance. Commercial TexasÂ’ brokerage team is comprised of highly experienced professionals who specialize in creating real estate strategies for leading corporations in Austin, Texas. With a businessÂ’ operating space constituting the largest, controllable fixed expense it faces, the firmsÂ’ professionals undertake analysis of both the market and an organizationÂ’s dynamics to optimize the return on investment.
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