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  • Posted On Tuesday, October 15, 2019 by Evan Lamolinara

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    Research by SalesLeads’ experienced industrial market research team, shows 26 new planned Pharmaceutical and Laboratory industry projects tracked during the month of September. 

    Planned industrial project activity within the sector decreased by 8% from the previous month, but is up 4% 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 - 10 New Projects

                Distribution and Industrial Warehouse - 8 New Projects           

    Pharmaceutical - By Project Scope/Activity

                New Construction - 8 New Projects

                Expansion - 11 New Projects

                Renovations/Equipment Upgrades - 13 New Projects

                Plant Closing - 1 New Project 

    Pharmaceutical - By Project Location(Top 5 States)

                California - 5

                Massachusetts - 2

                Virginia - 2

                Indiana - 2

                New York - 2

     

    Largest Planned Project 

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

    The largest project is owned by Medline Industries, Inc., who is planning for the construction of an 800,000 sf distribution facility at Ochsner Boulevard Extension in Covington, LA. They are currently seeking approval for the project. They plan to relocate regional operations upon completion. 

     

    Top 5 Tracked Pharmaceutical Project Opportunities 

    NEW YORK:

    Medical technology firm is planning to invest $84 million for the construction of a 63,000 sf manufacturing facility on Tifft Street in BUFFALO, NY. They are currently seeking approval for the project. 

    INDIANA:

    Animal food production company is planning to invest $17 million for the renovation and equipment upgrades at their production facility in LOGANSPORT, IN. They have recently received approval for the project. 

    CALIFORNIA:

    Biotechnology company is planning for an expansion of their office and laboratory facility in SOUTH SAN FRANCISCO, CA by 4.5 million sf. They are currently seeking approval for the project. 

    CONNECTICUT:

    Biotechnology company is planning to invest $10 million for an expansion of their laboratory facility in NEW HAVEN, CT. Completion is slated for late 2020. 

    MISSOURI:

    Animal health products distributor is planning for the construction of a 60,000 sf warehouse and distribution facility on Clark Ave. in WEST PLAINS, MO. They have recently received 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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