Harrison Street Social Infrastructure Fund (HSSI) has expanded its offering through a new public-private partnership (P3) with Michigan State University (MSU), the real assets firm announced last week. Harrison Street has invested more than $4.2 billion in P3s, to date.
Through the partnership, the open-end fund will develop a medical innovation building at MSU’s Grand Rapids Innovation Park, a research and clinical facility at MSU’s health campus in Grand Rapids. A joint venture that consists of Murphy Development Group, Walsh Investors and Rockford Construction has committed capital to the development.
The development, known as the Doug Meijer Medical Innovation Building (MIB), will comprise a 205,659 square-foot facility dedicated to research and healthcare innovation, as well as artificial intelligence, bioinformatics, and biostatistics.
The facility currently has executed long-term contracts with MSU, Spectrum Health, and BAMF Health and is expected to