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Article: Asterand eyes jump to Ann Arbor; TechTown tenant: WSU not supportive, lease overpriced.

Article from:
Crain's Detroit Business
Article date:
June 22, 2009
Author:
Copyright

Byline: TOM HENDERSON

Asterand plc, the anchor tenant at Detroit-based TechTown, the incubator and technology park associated with Wayne State University, is considering a move to Ann Arbor and possible affiliations with the University of Michigan because of what its CEO says is neglect by WSU and its president, Dr. Jay Noren.

Martyn Coombs, CEO of the tissue bank company which was the best performer on the London Stock Exchange (LSE: ATD) last year, said he has decided to rescind a tentative renewal lease agreement with TechTown and has retained two real estate brokers to look at opportunities in Ann Arbor.

"Ann Arbor has a glowing reputation, ...

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