December 19, 2008
U. of Michigan Buys Huge Pfizer Complex in Ann Arbor as Research Ambitions Grow
Talk about seizing the moment: Two years after Pfizer Inc. announced that it was closing its giant research complex in the University of Michigan's hometown of Ann Arbor, the university approved a deal on Thursday to buy the site for $108-million.
The university plans to use the two million square feet of laboratory and office space to ratchet up its already-healthy research machine. A portion of the space will house some of the 100 new faculty members it is now in the process
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