PRINCE WILLIAM COUNTY, Va.--(BUSINESS WIRE)--In these days of COVID-19, the importance of life science companies has never been more apparent. These are the companies that research, test, invent, manufacture and distribute the diagnostic tests, treatments, and vaccines that will get the world safely past COVID-19.
The Prince William Board of County Supervisors is continuing its support of this critical and growing business cluster by approving the use of the County's Economic Development Opportunity Funds to support Holladay Properties' proposal to build and maintain a new 30,000 sq./ft. wet lab space facility – the first of its kind in Northern Virginia.
When asked, the Prince William Board of County Supervisor's Chair At-Large, Ann Wheeler said, "As the epicenter for innovation and cutting-edge life science research, it is my distinct pleasure to welcome the Northern Virginia Science Center to Innovation Park. This facility will provide much needed space to conduct groundbreaking research to address society's greatest challenges."
The "Northern Virginia Science Center" will provide companies with Biosafety Level 2 (BSL-2) standard laboratories, something that is generally too expensive for small and mid-size companies to build and maintain for themselves. This critical infrastructure investment will provide a home for graduating Science Accelerator companies as well as small to mid-sized Life Science companies looking to enter the vibrant Northern Virginia economy.
Brentsville District Supervisor Lawson said, "As Innovation Park grows and becomes a research hub in the bio-medical field, providing adequate wet lab space has become a challenge. We look forward to Holladay Property Service, helping us meet that growing demand."
Prince William County support of necessary infrastructure is what makes it so uniquely well-positioned to attract and retain life science companies. It is now the hub for life science companies for all of Northern Virginia. When asked, Christina Winn, the Executive Director of Prince William County's Department of Economic Development said, "We are thrilled the Board is continuing its investment in critical infrastructure to scale our life science industry cluster. The growing life sciences business community requires a highly educated and innovative workforce, making them a great fit for Prince William County."
Austin Haynes, SVP-Development for Holladay Properties, has been leading this project for over two years. "This really is a project from the heart. We have been talking about and working towards this goal for years. We hope this is the first of many such buildings in our long-term partnership with Prince William County to grow and support the life science community," said Haynes.
The Board has already approved the sale of 4.2 acres of land at 9307 Discover Boulevard in Innovation Park, and construction will start soon. South Bend, Ind.-based Holladay Properties will serve as the developer as well as the property manager when the building is complete in November 2021. The County is investing $350,000 from its Economic Development Opportunity Fund and $250,000 in water and sewer credits to support this effort.
Prince William County is home to Northern Virginia's Life Science ecosystem with George Mason's Science and Technology Campus, ATCC, Corning, CeresNano, and others all located at Innovation Park. Also, the County's Life Science Accelerator is there and home to eight startup life sciences companies, many of whom are also working on COVID-19.
Interested in leasing a space? Email: Debi Roder firstname.lastname@example.org
About Holladay Properties
Holladay Properties is a full-scale land development, design/build, and fully-integrated real estate company, as well as one of the largest medical office and property management firms in the country. The firm has developed over 30 million square feet of commercial space and actively manages over 11.8 million square feet of office, industrial, retail, multi-family, hotel, and healthcare space. With more than 140 employees in a variety of specialties working from five development offices and more than 25 management offices throughout the eastern half of the U.S., Holladay has the knowledge, experience, and people to complete any type of project for any kind of client. Visit www.holladayproperties.com for more information.
NOTES TO EDITORS:
- Located less than 20 miles from the nation's capital, Prince William County encompasses a total area of 348 square miles.
- 75% of Northern Virginia's 2.1 million workers live within a 30-minute one-way commute to the center of Prince William County during rush hour.
- Prince William County provides access to an outstanding talent pool of highly-skilled, culturally diverse labor; 44% of the workforce has 4-year degrees.
- Prince William County's favorable blend of large land parcels, multi-use zoned sites, incentives, reliable power and ample fiber optic availability coupled with the lowest programmable computer taxes in the region, make it an ideal location for businesses seeking a location in the Mid-Atlantic region.
- Prince William County carries a AAA bond rating from all three of the major credit ratings agencies (Fitch, Moody's and S&P).