March 16, 2012 > Major biotechnology move increases Newark's momentum
Major biotechnology move increases Newark's momentum
Submitted By City of Newark
Pacific Research Center in Newark has announced that a private biotechnology firm has signed a lease to occupy 220,000 sq. ft. of biotechnology lab, office and manufacturing space. This is a consolidation/relocation of space from the Palo Alto area. The move highlights a trend of companies making the move to Newark. More than 750,000 sq. ft. of office/R&D/industrial space have opened or signed a lease in the past year.
"Newark is on a roll," Mayor Alan Nagy proudly stated.
"It is heartening to see our economic development strategy paying off. Newark has a great business environment, low fees, simple regulations, available affordable spaces, and a great location on I-880 and is just across the Bay from Palo Alto/Menlo Park," explained Newark's Community Development Director, Terrence Grindall.
Major activity in 2011/2012 includes:
Membrane Technology and Research's relocation to Newark from Menlo Park; they have leased a 59,500 sq. ft. facility in The Stevenson Technology Park and will open the facility this year. Membrane Technology and Research is a world leader in development and production of membrane based separation systems in the energy industry.
BioChain Inc. purchased 35,000 sq. ft. and will open their facility in the Stevenson Technology Park soon. BioChain is a leading technology and product provider for life science research community.
Belectric USA opened its US office in Newark, occupying 27,500 sq. ft. in January 2012. Belectric is an industry leading solar power provider delivering turn-key, utility-grade solar power.
United Logistic Solutions has expanded their operations purchasing a 155,000 sq. ft. space. They offer services in logistics, domestic distribution, order fulfillment, light production, repair and refurbishment, returns management and other value added services. They relocated from Milpitas in 2010 and now have nearly 300,000 sq. ft. of space in Newark.
Logitech will open their 263,500 sq. ft. North American headquarters in Newark's Pacific Research Center soon. Logitech designs and produces peripherals for computers and other digital devices.
An unnamed biotechnology firm signed a lease for 220,000 sq. ft. of space at the Pacific Research Center for office, laboratories and manufacturing. They will consolidate and relocate their operations from the Palo Alto area.
"Newark is excited to welcome these vibrant additions to our business community," says Grindall.
For more information Contact Community Development Director Terrence Grindall at (510) 578-4208 or firstname.lastname@example.org