Nanosphere, Inc., a company enhancing medicine through targeted molecular diagnostics, is expanding in Northbrook, IL.
Last week, the company exercised a right of first refusal under its recently revised facilities lease to acquire an additional 8,535 square feet of space in its building as soon as the space becomes available.
The current tenant occupying this additional space is expected to vacate the space at the end of August 2014.
According to its annual report, Nanosphere assembles and packages all its finished products at its corporate headquarters facility, which it lists at 4088 Commercial Ave. The company’s most recent annual report says its manufacturing facility occupies 13,797 square feet of the 42,742 square feet it leases at the building.
The company’s executive, research and development and manufacturing functions are all located at the building under a lease that expires in May 2017. The company reported that its current facilities and expansion rights are adequate to meet its manufacturing needs for at least the next three years.
As of December 31, 2013, Nanosphere had 165 full-time employees. Of these employees, 56 were in research and development, 42 were in manufacturing, 50 were in sales and marketing and 17 were in general and administrative functions.
RELATED SEE: Nanosphere Renews for 41,000 SF in Northbrook, IL (08/28/2009)