Agilent Enlargement, Frederick, Colo. Picture courtesy of Agilent Applied sciences Inc.
Agilent Applied sciences Inc. has simply damaged floor on an enlargement challenge at its Denver-area facility in Frederick, Colo. With a $725 million funding, the life science firm will enlarge its footprint with the addition of an roughly 200,000-square-foot constructing, permitting for a one hundred pc enhance in its capability to fabricate nucleic acids therapeutics.
The brand new facility will help two extra manufacturing strains, or Practice C and Practice D. “We’ve a big and diversified buyer base, so we have now good line of sight to demand even out to ’26 and ’27. So it’s not like we’re attempting to construct one thing and go search for the enterprise,” Mike McMullen, president & CEO of Agilent Applied sciences Inc., stated through the annual J.P. Morgan Healthcare Convention on January 10, 2023. “So, we all know the enterprise goes to be there.”
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Agilent’s enlargement endeavor will take form on the firm’s present web site at 7051 Eagle Blvd. in Eagle Enterprise Park, close to the Interstate 25/Freeway 52 interchange. The challenge will embrace the addition of roughly 64,400 sq. toes of producing area, 86,400 sq. toes for mechanical rooms and 26,800 sq. toes of workplace area, as famous in a January 2023 site visitors influence examine of the challenge.
The proposal additionally requires a 1,100-square-foot enhance in drum storage in addition to a proposed 7,000-square-foot tank farm. Moreover, to assist accommodate the roughly 160 new workers that will probably be employed as a part of the enlargement, Agilent will develop a floor parking zone on a separate parcel at 7400 Eagle Blvd.
Turner Development Co. is serving as basic contractor for Agilent’s challenge, whereas Fluor Corp., at the side of CRB, is offering structure, engineering and procurement providers. The workforce will incorporate cutting-edge engineering enhancements within the growth course of, together with superior automation and solvent capturing, in an effort to expedite completion.
Hub standing on the rise
Agilent’s skill to increase at its Frederick hub places the corporate in a superior place to most tenants which are searching for life sciences area within the Denver-Boulder space. Over the previous couple of years, boundaries to entry within the U.S. high life sciences markets have rendered the Denver-Boulder space, which is thought for its pool of extremely educated expertise, a magnet for companies searching for to increase or relocate.
Because of this, the Denver-Boulder market has maintained 1 million-plus sq. toes of energetic life sciences necessities for the final two years and is experiencing a considerable provide/demand imbalance, in response to a fourth quarter 2022 report by CBRE.
For its half, Agilent owns nearly all of its area. As of the shut of Fiscal 12 months 2022, the corporate owned 4.7 million sq. toes of the full 6.7 million sq. toes it occupies all over the world. If all goes as deliberate, the corporate’s newly expanded web site in Frederick will attain completion in 2026.
