{"id":1004757672,"date":"2025-05-13T05:29:01","date_gmt":"2025-05-13T13:29:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004757672"},"modified":"2025-08-26T00:29:03","modified_gmt":"2025-08-26T08:29:03","slug":"roches-genentech-to-build-700m-facility-in-north-carolina","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/roches-genentech-to-build-700m-facility-in-north-carolina\/","title":{"rendered":"Roche&#8217;s Genentech Eyes $700M Facility in North Carolina"},"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\/2025\/05\/Genetech-Aerial-view-San-Francisco-HQ-e1747125045468.jpeg\"><img loading=\"lazy\" decoding=\"async\" width=\"1991\" height=\"1491\" data-attachment-id=\"1004757673\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/roches-genentech-to-build-700m-facility-in-north-carolina\/genetech-aerial-view-san-francisco-hq\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Genetech-Aerial-view-San-Francisco-HQ-e1747125045468.jpeg\" data-orig-size=\"1991,1491\" 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=\"Genetech Aerial view San Francisco HQ\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Aerial view of the company&#8217;s U.S. headquarters, in South San Francisco. Image courtesy of Roche Group&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Genetech-Aerial-view-San-Francisco-HQ-e1747125045468.jpeg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Genetech-Aerial-view-San-Francisco-HQ-e1747125045468.jpeg\" alt=\"Aerial view of Genetech's San Francisco office campus.\" class=\"wp-image-1004757673\" style=\"width:400px\"\/><\/a><figcaption class=\"wp-element-caption\">Aerial view of the company&#8217;s U.S. headquarters in South San Francisco. <em>Image courtesy of Roche Group<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Genentech has unveiled plans for the construction of a 700,000-square-foot drug manufacturing facility in Holly Springs, N.C., looking to invest more than $700 million in the project.<\/p>\n\n\n\n<p>The development will support the pharma division\u2019s metabolic and obesity medicines portfolio. When the facility is fully operational it will add more than 400 high-paying jobs in the area, while the upcoming project is expected to add more than 1,500 construction jobs during development.<\/p>\n\n\n\n<p>The project represents Genentech\u2019s first East Coast manufacturing facility and will rise near Raleigh, N.C., an already established biopharmaceutical hub. The upcoming project will expand the company\u2019s manufacturing network.<\/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\/the-most-active-life-sciences-markets-in-the-us\/\">The Most Active Life Science Markets in the US<\/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>Genentech, a member of the Switzerland-based Roche Group, is a leading biotechnology company specializing in manufacturing and developing medicines for serious and life-threatening medical conditions. Headquartered in South San Francisco, Calif., the company&#8217;s current footprint comprises 13 manufacturing and 15 R&amp;D sites across its pharmaceutical and diagnostics divisions, employing 25,000 workers on 24 sites across eight states.<\/p>\n\n\n\n<p>Life science companies secured nearly $4.4 billion in venture capital funding between 2019 and 2023 in the Raleigh-Durham cluster, representing the 13th highest amount globally, according to CBRE. As of last year, this metro&#8217;s life science sector landed more than $772 million in venture capital funding, marking the eight-largest amount across global key markets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-raleigh-durham-s-strong-potential\">Raleigh-Durham&#8217;s strong potential<\/h2>\n\n\n\n<p>In terms of industrial development, the Raleigh-Durham metro had approximately 5.4 million square feet under construction in the first quarter of 2025, according to an Avison Young report. This marks the lowest point in construction activity since the last quarter of 2022, while representing a 15 percent increase over the past five-year average. Meanwhile, the metro&#8217;s industrial vacancy rate reached 6.3 percent, marking a 123-basis-poin increase on a quarter-over-quarter basis. As development activity slows, the vacancy rate is expected to flatten.<\/p>\n\n\n\n<p>In December last year, another<a href=\"https:\/\/www.commercialsearch.com\/news\/the-most-active-life-sciences-markets-in-the-us\/\"> manufacturing investment <\/a>has been announced by Amgen, in the same Holly Springs submarket. The company unveiled plans for its <a href=\"https:\/\/www.commercialsearch.com\/news\/amgen-eyes-1b-north-carolina-expansion\/\">second drug manufacturing plant<\/a> in the city, investing a total of $1 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The project is the company&#8217;s first manufacturing development on the East Coast.<\/p>\n","protected":false},"author":2991,"featured_media":1004757673,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21783,21742,1604,32781],"tags":[46742,52621],"class_list":["post-1004757672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-investment","category-latest","category-raleigh-durham","category-southeast","tag-genentech","tag-roche-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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