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12/30/22
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Transwestern Ventures and Transwestern Real Estate Services are preparing to move forward with development of Axiom Point, a 375k sf, state-of-the-art biomanufacturing campus in the Bay Area city of Vacaville. Plans for the new development, situated on 22.4 acres in Vaca Valley Business Park, were recently approved by the City of Vacaville’s Planning Commission.
Located at the interchange of I-80 and I-505, Axiom Point is the first life science campus to take advantage of the City’s Biotechnology and Advanced Manufacturing Initiative, which boasts a Biotechnology Fast-Track Program committing the City to processing Planning entitlements in 100 days or less.
A development of Transwestern Ventures, Axiom Point will deliver in two phases, the first comprising 252k sf and the second comprising 123k sf. Designed for maximum flexibility, the project is ideal for occupier needs including biomanufacturing, laboratory research and development, medical device manufacturing, food science, agricultural technology and healthcare.
Transwestern’s Ken Meyersieck, Peter Conte and Andrew Wheeler will be handling leasing for the project. Vaca Valley Business Park is already home to life sciences companies such as Genentech, Johnson & Johnson, RxDNova, Agenus and Polaris.
“Transwestern formally submitted our application in early September and we were approved by the Planning Commission less than 90 days later,” said Fred Knapp, Managing Partner of Transwestern Ventures. “That very impressive turnaround is a testament to the focus and commitment by the City of Vacaville to make biomanufacturing a cornerstone of its economic development plan.”
Vacaville is situated along I-80, the main thoroughfare between the state capital and the Bay Area. Its centralized proximity to San Francisco, Sacramento and the University of California’s Berkeley and Davis campuses provides access to top talent across the life sciences and advanced manufacturing sectors. Additionally, Solano Community College’s Vacaville campus sits adjacent to the Vaca Valley Business Park and has distinguished itself through the offering of two biomanufacturing baccalaureate programs. Vacaville is also home to the California Biomanufacturing Center Inc., a nonprofit dedicated to accelerating biomanufacturing growth.
Per Transwestern research, there are approximately 39.1 msf of existing biomanufacturing space across the four major life science markets of Boston, San Francisco, San Diego and Raleigh/Durham, with an average building age of 34 years. Of that space, only 3.4% is currently available, underscoring the need for highly efficient, state-of-the-art biomanufacturing space through a project such as Axiom Point.
The California-based project team includes DGA, a firm specializing in the design of technical facilities, including life sciences projects, and DPR Construction, the general contractor.
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