Innovista’s Private Partner Developer Signs Construction Contract with KIRCO

October 31, 2008

Leading Construction Firm to Build Innovista’s Horizon II

COLUMBIA, SC – October 31, 2008 – Innovista Holdings Inc., the private sector development partner for Innovista, has signed a contract with KIRCO, a commercial real estate development and construction company based in Michigan.  KIRCO, which has a significant presence in the Carolinas, will serve as the contractor for the Horizon II building.

“We’re pleased to announce this next step in the building process for Horizon II,” said John Parks, executive director of Innovista and associate vice president for economic development at The University of South Carolina.  “With this step, we are continuing to move forward in establishing a truly integrated, urban innovation district that establishes a vibrant, knowledge-based community and attracts the brightest minds and most innovative companies in the world to Columbia, South Carolina.”

Kale Roscoe of Innovista Holdings LLC, the private sector development partner, said, “We are ready to begin work on Horizon II and will mobilize construction beginning the week of November 3.”  

“The Horizon II project is a natural fit for our company,” said Mathew Kiriluk II, president of KIRCO. “With numerous projects throughout the Southeast, including the developing of Carolina Pines, a 2-million- square-foot Class A master planned industrial park in Blythewood, we are committed to the Carolinas.”  

Horizon II, a 110,000-square-foot building, is estimated to cost between $20 million and $25 million. The five-story building will serve as office space for private companies and other entities that are collaborating with University of South Carolina researchers. 
Three structures at Innovista have been completed and are operational.  These include the public health research building and two parking decks.  Three other structures will be completed in 2009, including the Horizon I, a five-story academic and research building under construction at Blossom and Main streets; Discovery I, a five-story academic research building under construction on Greene Street across from the Colonial Life Arena; and Horizon II, a private partner building adjacent to Horizon I. 


KIRCO is a full-service real estate company providing services such as real estate development and acquisition, construction services, and asset and property management.  With over four decades of real estate experience, KIRCO has planned and developed more than 12 million square feet of Class A office, retail, industrial, residential, institutional and municipal developments totaling over one billion dollars.  KIRCO has the development, construction and management experience to serve the unique requirements of our customers; from small manufacturing facilities to large-scale distribution centers.

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About Innovista

Innovista, a transformational vision of the University of South Carolina, has been designed with the purpose of setting the new standard for integrating public and private sector research and researchers, within a vibrant, contemporary, urban landscape. This stimulating Innovation District will be the centerpiece of a thriving intellectual ecosystem that creates an inspiring lifestyle for those who live and work here.  Located in the heart of Columbia, Innovista will be a mixture of world-class, high density, high tech workplaces, medium-density housing, waterfront recreational opportunities and abundant green space, all combined with retail commerce to create an environment that inspires the mind as well as the soul.

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