25 Science Park (Science Park: Winstanley Enterprises, LLC)
Winstanley Enterprises, LLC assumed the ground lease for Building 25 at Science Park in 2007, bringing occupancy from 10% to 90 % in less than one year. A previous SPDC ground lease tenant, Lyme Properties, LLC, completed a $20 million rehabilitation of Building 25 and expanded the building to approximately 270,000 sq. ft. to accommodate existing tenants and new companies. Winstanley's additional multi-million dollar investment doubled the available wet lab space and modernized the office space.
Building 25’s largest tenant currently is Higher One, a leading provider of customized financial services for the higher education market. The company was named a “Rising Star” in the Deloitte & Touche USA Technology Fast 50 Program for the Connecticut Region. The company is named Inc 500 and Innovator of the year by Business New Haven. Higher One saw an almost 1,000 percent increase in revenue from 2003 to 2005, and continues to grow at a rapid pace. Additionally, Higher One’s workforce has tripled in the last two years.
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