2018 Csaba Horváth Memorial Award awarded
Milton L. Lee, co-founder and chief science officer of Axcend Corp. in Provo, received the 2018 Csaba Horváth Memorial Award.
According to a press release, the award is designed “to recognize the top chemist in the world in the field of separation science.” The award was presented to Lee during the 18th Annual Csaba Horváth Memorial Award Symposium on the campus of Yale University in Orange, Connecticut.
Lee has received numerous industry awards during his career of over 40 years, including being named three times as one of the 100 most influential people in the field of analytical sciences by The Analytical Scientist magazine.
“It’s hard to encapsulate the impact one person can have in a given industry, so I applaud the members of the CSSC for choosing Dr. Lee as its recipient of the 2018 Csaba Horváth Memorial Award,” said Glen Mella, Axcend co-founder and CEO. “It has been a delight knowing and working with Milt, and I look forward to many exciting accomplishments together in the months and years ahead.”
CBRE secures space in Traverse Ridge Center III
CBRE announced that the first and second floors of Traverse Ridge Center III in Lehi have been fully leased by Spaces, a pioneer in creative and flexible workspaces owned by IWG. Spaces will occupy 47,000 square feet upon completion of the new office building in August 2019.
Once constructed, Traverse Ridge Center III will be the tallest building in Lehi, scaling nine stories and measuring a total of 220,000 square feet. This is the third office building to be built in Traverse Ridge Center, a 22-acre, master-planned business park in Lehi being developed by Perry Commercial.
“With the high volume of new companies and startups coming to Silicon Slopes, there is an increased need for co-working and temporary space options that Spaces can provide,” said Eric Smith, CBRE senior vice president. “The landlord wanted to find a way to cater to the needs of national and local businesses. When we heard that Spaces was looking to expand into the Lehi market, we recognized the opportunity it would provide to attract new tenants to Traverse Ridge Center.”
Traverse Ridge Center is planned to consist of three office buildings and an on-site hotel. Centers I and II have each been constructed, while Center III is currently under construction and slated for completion in August 2019. The hotel will be completed in December 2018.
Colliers sells Squire Business Park in Orem
Colliers International announced the sale of Squire Business Park, a multi-building office complex located at the corner of 800 East and University Parkway in Orem. Upon the point of sale, the property was 94 percent leased. The buyer was a 1031 exchange company based in Nevada.
“The Provo/Orem metro area remains the driving force behind one of the most decorated economic engines in the nation over the past five years,” said Rawley Nielsen, president of investment sales at Colliers. “Utah has established itself a destination for capital investment. Opportunity will continue to grow as Utah County carries forward an unrivaled momentum due to its vibrant and diversified economy.”