OAKDALE, Minn., Aug. 31, 2016 /PRNewswire/ -- Slumberland announces a partnership with Blossom Medical, LLC, to develop a portion of its new 122-acre site located at the intersection of I-694 and Highway 5 in Oakdale, Minnesota (formerly Imation headquarters) into Incubology, a world-class high tech incubator. The fully developed space will consist of dedicated state-of-the-art wet and dry labs, clean rooms, individual offices, IT development and collaborative sharing spaces.
Incubology is a fully private initiative and will provide a high quality, move-in environment to support start-ups as well as established companies who are searching for innovative, collaborative space. The dedicated wet and dry lab space is suitable for R&D and manufacturing for pharmaceutical, med-tech, biotech, nanotechnology, and chemical industries. Additionally, it will serve as a dedicated high-tech working space for IT and software developers. The incubator concept - bringing pharma, biotech, medtech, nanotech, chemistry, IT and related technologies under one roof - is a highly unique feature of Incubology. Services such as regulatory affairs consulting, banking and specialized insurance, corporate and intellectual property legal services will also be integrated into the incubator platform.
State-of-the-art training rooms and conference facilities will be used for scientific and technological events and conferences, solidifying Incubology as an important national and international technology hub.
Incubology will be managed by veterans of the biotech, pharma, medtech, and high tech industries.
"The space rivals the best high tech incubators globally," says Dr. Eddie Moradian, Director of Blossom Medical, LLC. "It is a ready-made facility that has not only the needed infrastructure but the open, collaboration areas for innovation that was hard to find elsewhere," Moradian added.
Slumberland purchased the entire 122-acre property, which will include four buildings encompassing 550,000 square feet, earlier this year and will move 150 employees to the site in the future. Slumberland has hired Cushman & Wakefield/NorthMarq and Brisky Commercial to lease the campus and bdh+young interiors|architecture for architectural and interior design services.
The site has three existing tenants who will remain on site: 3M, Kodak, and Carestream.
Founded in 1967 in Richfield, Minn., Slumberland began as a mattress and La-Z-Boy specialty shop whose mission has been to make people comfortable with both its products and prices. Over the years Slumberland has expanded to more than 128 stores across 12 states and is now one of America's top sellers of La-Z-Boy upholstery and the Midwest's largest retailer of Sealy and Simmons Mattresses, and has earned the designation of Elite Retailer of Tempur-Pedic mattresses. www.slumberland.com
About Blossom Medical LLC
Blossom Medical LLC is a privately-held technology venture and consulting company. With activities in the U.S., Europe and Asia, Blossom Medical offers 30 years of experience with technology-based companies of all levels, from start-ups to multi-national corporations, as well as experience with European, Israeli and U.S. incubator concepts.
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