The Norman Transcript

October 18, 2013

PHF Research Park sale complete

Transcript Staff
The Norman Transcript

NORMAN — Continuing their long history of working together, the University of Oklahoma Health Sciences Center and the Presbyterian Health Foundation recently completed the sale of the Presbyterian Health Foundation Research Park to OU.

“This sale will advance the groundwork established in 1996 by the Presbyterian Health Foundation to further medical research in Oklahoma to save and enhance human life,” said PHF board chairman Carl Edwards, who noted that the Foundation will use the sale proceeds to augment their endowment.

The Research Park, west of Lincoln Boulevard between Northeast Eighth Street and Northeast Fourth Street, includes more than 700,000 square feet of modern biomedical research lab and office space supported by state-of-the-art communications and infrastructure systems.

Stanton L. Young and the foundation, working with the Oklahoma City Urban Renewal Authority, began putting together the land on which the Research Park was built in the mid-1980s with the hope of building a state-of-the-art research park tied to the medical center.