Brandix i3 'graduates' from Accelerator, leases BioBusiness Center space
As a parting gift, it is providing the Accelerator with a short-term solution to its need to expand by providing space for it to use.
Brandix i3, the healthcare technology arm of a Sri Lanka-based company, has signed a three-year lease with the City of Rochester for 2,000-square-feet of space on the skyway level of the center at 221 First Ave. S.W. The space is half of a 4,000-square-foot area that never has been built out for a tenant since the BioBusiness Center opened five years ago.
The software development firm plans to have six employees based in the Rochester office to start with, though it expects to grow to 12 by the end of the year, said Aaron Epps, Brandix's associate vice president of healthcare.
"We want to be part of the Destination Medical Center project," said Epps. "We're looking to expand quickly. We're a start-up, but we're a start-up with the backing of a large company."
Brandix currently is operating out of the Accelerator space. The lease that was approved by the city council Monday sets Brandix's rent at $20 per rentable foot for the 2,000-square-foot space. It also will pay its share toward the maintenance of the building and its taxes.
The city is giving "a one-time fit-up allowance" of $10 per square foot, or $20,000, to the software firm to prepare its offices.
By comparison, the city signed a five-year lease in 2013 with Patient First Home Infusion Services for $16 per square foot and gave it $10,000 to use for construction costs.
In 2013, Imanis Life Sciences signed a five-year lease set at $15.50 per square foot for the first two years. It then increases every year to $18.50 by the fifth year. The city also agreed to provide Imanis a $20 per foot allowance to build out the space plus an interest-free loan of up to $10,000.
In addition to the leasing the 2,000-square-feet, Brandix's lease promises "first right of refusal" for the other 2,000 square feet of adjacent vacant space to the west.
"In the interim, the Business Accelerator may lease the adjacent space until such time as it is needed by Brandix," according to the lease. There has been talk of expanding the Accelerator, which opened in 2009.
Epps, who has lived his whole life in Rochester, says the company plans to create a "unique" office to enhance the local business community.
Brandix's focus is to work with its local partner, Rochester-based Ambient Clinical Analytics. Ambient makes "real-time decision support tools" for doctors and nurses working in the ICU, operating room or emergency departments.
Mayo Clinic launched Ambient in 2013, and it named Al Berning as CEO. Berning is known in Rochester as a former IBMer, a co-founder of Pemstar and former CEO of Hardcore Computers/LiquidCool Solutions.