{"id":1004740063,"date":"2024-12-09T05:04:54","date_gmt":"2024-12-09T13:04:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004740063"},"modified":"2024-12-09T06:04:22","modified_gmt":"2024-12-09T14:04:22","slug":"amgen-eyes-1b-north-carolina-expansion","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/amgen-eyes-1b-north-carolina-expansion\/","title":{"rendered":"Amgen Eyes $1B North Carolina Expansion"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/AmgenArticle-1-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1562\" height=\"1172\" data-attachment-id=\"1004740066\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/amgen-eyes-1b-north-carolina-expansion\/amgenarticle-1-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/AmgenArticle-1-1.jpg\" data-orig-size=\"1562,1172\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Amgen-Facility-Holly-Springs\" data-image-description=\"&lt;p&gt;Property at 4130 Friendship Road, N.C.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Amgen\u2019s first drug manufacturing facility in Holly Springs will be operational in 2026. Image courtesy of Wake County&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/AmgenArticle-1-1.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/AmgenArticle-1-1.jpg\" alt=\"Rendering of Amgen's first facility to debut in Holly Springs\" class=\"wp-image-1004740066\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/AmgenArticle-1-1.jpg 1562w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/AmgenArticle-1-1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/AmgenArticle-1-1.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/AmgenArticle-1-1.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/AmgenArticle-1-1.jpg?resize=1536,1152 1536w\" sizes=\"auto, (max-width: 1562px) 100vw, 1562px\" \/><\/a><figcaption class=\"wp-element-caption\">Amgen\u2019s first drug manufacturing facility in Holly Springs will be operational in 2026. <em>Image courtesy of Wake County<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Amgen will invest $1 billion to expand its drug manufacturing operation in Holly Springs, N.C., adding a second multi-drug substance plant at the site.<\/p>\n\n\n\n<p>The company initially invested $550 million to build a 350,000-square-foot facility in 2021. Construction began in March 2022 and, according to a recent article in the <em>Triangle Business Journal<\/em>, that plant will be operational in 2026.<\/p>\n\n\n\n<p>Amgen aims to bolster its global manufacturing efforts, maximizing output, and the Holly Springs plant will play a central part in that strategy, CFO Peter Griffith told analysts at Citi\u2019s 2024 Global Healthcare Conference in Miami, as reported by <em>WRAL News<\/em>. The company focuses its research on inflammation, oncology, rare diseases and general medicine.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/a-good-investment-2-2\">Why the Life Sciences Boom Is Not Likely to Bust<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>North Carolina\u2019s Economic Investment Committee approved a Job Development Investment Grant that will reimburse Amgen up to $4.9 million yearly across the grant\u2019s 12-year duration. The project is expected to grow the state\u2019s economy by $3.6 billion throughout that period. When fully operational, more than 720 jobs will be generated across both facilities.<\/p>\n\n\n\n<p>The firm owns nearly 109 acres at 4130 Friendship Road, according to Wake County records, and the two plants are slated for delivery at that site. The property is part of the 650-acre CaMP Helix, a master-planned manufacturing and life science park located some 25 miles southwest of downtown Raleigh, N.C.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-life-science-development-in-raleigh-durham\">Life science development in Raleigh-Durham<\/h2>\n\n\n\n<p>More than 650 life science companies operate in the Research Triangle Region, and within the past three years, firms have invested some $4 billion in life science projects throughout Wake County.<\/p>\n\n\n\n<p>One such project is <a href=\"https:\/\/www.commercialsearch.com\/news\/starwood-trinity-capital-plan-1b-life-science-project\/\">Trinity Capital Advisors and Starwood Capital Group\u2019s Spark LS<\/a>, which is set to comprise 1.5 million square feet of life science and retail upon delivery. Phase one, encompassing 525,000 square feet, debuted last year. &nbsp;<\/p>\n\n\n\n<p>And, this summer, Japan-based <a href=\"https:\/\/www.commercialsearch.com\/news\/530m-manufacturing-plant-coming-to-the-research-triangle\/\">Kyowa Kirin earmarked $530 million<\/a> for a 171,700-square-foot facility in Sanford, N.C., that broke ground in September. When operational in 2027, the plant will aid Kirin\u2019s development and production of biological therapies for patients with rare illnesses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This marks the company\u2019s second foray in Holly Springs.<\/p>\n","protected":false},"author":3471,"featured_media":1004740066,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21742,21747,1604,32781],"tags":[34664],"class_list":["post-1004740063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-latest","category-office","category-raleigh-durham","category-southeast","tag-amgen-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Amgen Eyes $1B North Carolina Expansion - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Amgen will invest $1 billion to develop a second life science facility in Holly Springs, N.C., within CaMP Helix.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/amgen-eyes-1b-north-carolina-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amgen Eyes $1B North Carolina Expansion\" \/>\n<meta property=\"og:description\" content=\"Amgen will invest $1 billion to develop a second life science facility in Holly Springs, N.C., within CaMP Helix.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/amgen-eyes-1b-north-carolina-expansion\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-09T13:04:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-09T14:04:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/AmgenArticle-1-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1562\" \/>\n\t<meta property=\"og:image:height\" content=\"1172\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Claudiu Tiganescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/amgen-eyes-1b-north-carolina-expansion\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/amgen-eyes-1b-north-carolina-expansion\/\",\"name\":\"Amgen Eyes $1B North Carolina Expansion - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/amgen-eyes-1b-north-carolina-expansion\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/amgen-eyes-1b-north-carolina-expansion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/AmgenArticle-1-1.jpg\",\"datePublished\":\"2024-12-09T13:04:54+00:00\",\"dateModified\":\"2024-12-09T14:04:22+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66\"},\"description\":\"Amgen will invest $1 billion to develop a second life science facility in Holly Springs, N.C., within CaMP Helix.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/amgen-eyes-1b-north-carolina-expansion\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/amgen-eyes-1b-north-carolina-expansion\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/amgen-eyes-1b-north-carolina-expansion\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/AmgenArticle-1-1.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/AmgenArticle-1-1.jpg\",\"width\":1562,\"height\":1172,\"caption\":\"Amgen\u2019s first drug manufacturing facility in Holly Springs will be operational in 2026. 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