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December 5, 2023
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Panattoni Development Acquiring 15 Acres in Davis for New Office/Lab/Tech Project


Here’s news of significant development plans out of the Sacramento area, as Panattoni Development Company is in escrow to acquire an undeveloped 14.81-acre site in Davis for a new commercial project.

That's the I-80 running down the middle.
Panattoni plans to develop between 150k sf to 225k sf of new Class A office, lab and technology space on the site. Located at 3501 Chiles Blvd, the property is zoned for a business park and commercial use. The site is said to be the largest undeveloped site within the City of Davis currently approved for development.

The proposed state-of-the-art campus design will focus on sustainability, technological enhancements and a strong sense of place both indoors and outdoors. San Francisco-based global architectural firm Vitae Architecture will be designing the campus, and Cunningham Engineering, which has done a great deal of work in Davis, including at UC Davis West Village’s zero net energy community, will be providing engineering services.

Panattoni has selected Jim Gray, CCIM, and Nahz Anvary, CCIM, of real estate services firm DTZ as brokers for the project leasing assignment. Based in the firm’s Sacramento office, Gray and Anvary specialize in commercial real estate located within the Sacramento region, and both reside in Davis. They are also representing the existing land ownership in the sale to Panattoni.

The development site is located between Mace Blvd and I-80’s Richards Blvd/Downtown Davis offramp with freeway visibility on the property’s south side. It is well connected to Davis’s bike paths and greenbelts and is close to other major business parks, including University Research Park and Mace Ranch.

Tim Schaedler, a Partner in Panattoni Development Company who is spearheading the development plan, said, “There is a real shortage today of space for mid-size and large companies in Davis. We are pleasantly surprised by the interest, enthusiasm and energy focused on our project. We believe we can deliver high-quality and competitively priced workplaces that will be a valuable addition to the Davis community. Our new project will be one of the last fully zoned, freeway-visible office developments available in Davis.”

“We are actively targeting tenants and users for the proposed buildings,” said Gray, a Senior Vice President at DTZ. “In this early stage, large and mid-sized companies are going to have the opportunity to get the property tailored for their specific needs. There are many companies and institutions in Northern California that might be interested in a presence in Davis due to the ability to collaborate with UC Davis, the highly educated workforce and strong quality of life that exists here.”

Anvary, DTZ Senior Vice President, added, “There is a strong relationship between the University of California at Davis and the business community in the region, and we are sharing our planning efforts with both the business community and the university, including with faculty, researchers, departments and operating units. We believe there will be great synergies and opportunities for collaboration providing new space for firms who have relationships with UCD who want close proximity to their academic colleagues and to a talented pool of employees and UCD students.”

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