• Pharmaceutical Industry News and Planned Industrial Project Reports - JULY 2019 Recap

    Posted On Monday, August 12, 2019 by Evan Lamolinara

    Pharma-July.jpg

    Research by SalesLeads’ experienced industrial market research team, shows 29 new planned Pharmaceutical and Laboratory industry projects tracked during the month of July.

    Planned industrial project activity within the sector decreased by 24% from the previous month, but is up 3% YTD from the previous year.

    The following are selected highlights on Pharmaceutical and Biotech industry construction news.

      

    Pharmaceutical - By Project Type

    •  Manufacturing/Processing Facilities - 13 New Projects
    •  Laboratory Facilities - 14 New Projects
    •  Distribution and Industrial Warehouse - 7 New Projects

             

    Pharmaceutical - By Project Scope/Activity

    •   New Construction - 14 New Projects
    •   Expansion - 10 New Projects
    •   Renovations/Equipment Upgrades - 7 New Projects

     

    Pharmaceutical - By Project Location(Top 5 States)

    •   California - 7
    •   North Carolina - 3
    •   Massachusetts - 2
    •   Missouri - 2
    •   Florida - 2

       

    Largest Planned Project

    During the month of July, our research team identified 2 new Food and Beverage facility construction projects with an estimated value of $100 million or more.

    The largest project is owned by Merck and Co., Inc., who is planning to invest $680 million for the construction of a 225,000 sf laboratory and processing facility in Durham, NC. The project also includes the expansion of their processing facility in Wilson, NC. They have recently received approval for the project.

     

    Top 5 Tracked Pharmaceutical Project Opportunities

    WISCONSIN:

    Pharmaceutical company is planning to invest $250 million for the construction of a 100,000 sf processing facility in PLEASANT PRAIRIE, WI. Construction is expected to start in August 2019, with completion slated for 2022.

    MANITOBA:

    Plant-based protein products mfr. is planning to invest $50 million for the construction of a processing facility in WINNIPEG, MB. Completion is slated for August 2020.

    CALIFORNIA:

    Medical device mfr. has recently agreed to pre-lease a 242,000 sf warehouse in MORENO VALLEY, CA. They are currently seeking approval for the project. 

    ILLINOIS:

    Medical supply company has recently agreed to pre-lease a 162,000 sf warehouse in GREEN OAKS, IL. They will relocate operations upon completion in January 2020.

    OHIO:

    Nutritional products mfr. has recently agreed to pre-lease a 368,000 sf distribution center at 2 Abbott Park Way in TIPP CITY, OH. They are currently seeking approval for the project.

     

    Since 1959, SalesLeads, based out of Jacksonville, FL has been providing Industrial Project Reports on companies that are planning significant capital investments in their industrial facilities throughout North America. Our professional research team identifies new construction, expansion, relocation, major renovation, equipment upgrades, and plant closing project opportunities so that our clients can focus sales and marketing resources on the target accounts that have an impending need for their products, services, and indirect materials. 

    Each month, our team provides hundreds of industrial reports within a variety of industries, including:

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