Hogan Lovells’ $1.2 Billion Public Private Partnership Project Wins Top 10 of 2011 Award
23 May 2012
MIAMI, 23 May 2012 – Hogan Lovells announced today that a $1.2 billion medical research institute project its lawyers advised on has been recognized by Site Selection magazine as a “Top 10 Deal of 2011” in North America. The annual award series salutes the best corporate facility projects in the world, judged by investment, high-value, and high-volume job creation, creativity in negotiations and incentives, regional economic impact, competition, and speed to market.
Miami partners Mark Sterling and Carol Licko led a team that included Northern Virginia partner Philip Porter and Miami associate Gaston Fernandez to represent The Jackson Laboratory, an internationally-renowned independent medical research institute, in a transaction to create a new $1.2 billion genomics research laboratory in the State of Connecticut. The transaction involved agreements between the State of Connecticut, The University of Connecticut, and The Jackson Laboratory to develop a 250,000 square-foot genome research facility that will focus on personalized medicine – treatments that are tailored to an individual’s specific set of genes.