Pharmaceutical Industry News and Planned Industrial Project Reports - October 2019 Recap

Research by SalesLeads’ experienced industrial market research team, shows 28 new planned Pharmaceutical and Laboratory industry projects tracked during the month of October.

Planned industrial project activity within the sector increased by 7% from the previous month, and is up 5% YTD from the previous year.

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

 Pharmaceutical - By Project Type

          Manufacturing/Processing Facilities - 9 New Projects

          Laboratory Facilities - 12 New Projects

          Distribution and Industrial Warehouse - 8 New Projects

Pharmaceutical - By Project Scope/Activity

          New Construction - 12 New Projects

          Expansion - 10 New Projects

          Renovations/Equipment Upgrades - 10 New Projects

          Plant Closing - 0 New Projects

Pharmaceutical - By Project Location(Top 5 States)

          Florida - 5

          Indiana - 4

          Pennsylvania - 3

          Massachusetts - 2

          Texas - 2

Largest Planned Project

During the month of October, our research team identified 1 new Food and Beverage facility construction project with an estimated value of $100 million or more.

The largest project is owned by Bang Energy DBA Vital Pharmaceutical, who is planning to invest $150 million for the renovation and equipment upgrades a recently acquired 397,000 sf warehouse and processing facility in Phoenix, AZ.

Top 5 Tracked Pharmaceutical Project Opportunities

INDIANA:

Medical device mfr. is planning to invest $38 million for the construction of a 120,000 sf manufacturing facility in WESTFIELD, IN. They have recently received approval for the project. Construction is expected to start in late 2019, with completion slated for 2021.

CALIFORNIA:

Pharmaceutical and medical device supplier is planning for the renovation and equipment upgrades on a recently leased 1 million sf distribution facility in RIVERSIDE, CA.

DELAWARE:

Pharmaceutical company has recently started the expansion of their office and laboratory facility on Augustine Cut-Off in WILMINGTON, DE by 200,000 sf. They will consolidate operations upon completion.

FLORIDA:

Pharmaceutical and medical device supplier is considering the construction of a 100,000 sf distribution facility in MILTON, FL. Watch SalesLeads for updates.

NORTH CAROLINA:

Startup pharmaceutical company is planning for the renovation and equipment upgrades on a 32,000 sf laboratory and processing facility at 627 Davis Dr. in MORRISVILLE, NC. Completion is slated for Spring 2020.

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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