Researchers, companies to occupy old Pfizer space in Ann Arbor

University of Michigan medical researchers and four life-sciences companies will become the new tenants of a former Pfizer Inc. laboratory near the drug maker's main campus in Ann Arbor.

They are taking over Pfizer's lease of the 34,400-square-foot lab space at the Traverwood office park with the aid of a $1 million state grant.

The space will be used as a modern and sophisticated research facility.

The university jointly made the announcement with a nonprofit economic development and marketing organization called Ann Arbor SPARK.

The group says it's also planning two office-style business incubators in Ann Arbor and in nearby Ypsilanti to nurture startup companies in various fields.

On the Net:

University of Michigan: http://www.umich.edu

Ann Arbor SPARK: http://www.AnnArborSPARK.org