Tuesday, October 16, 2007

In This Issue
Real Estate Roundup
Genentech "Sneak Preview"
Nation's Top Site Consultants
Upcoming Events
Did You Know?

Real Estate Roundup
(August-September 2007)

Colliers International (http://www.colliersparrish.com/)
533 Stone Rd, Benicia - 11,520 s/f lease by Bay City Books
162 Egret Court, Benicia - 15,000 s/f lease by Red Line Oil

2400 Cordelia Rd, Fairfield - 129,669 s/f lease by Trans Bay Steel Corp
2850 Cordelia Rd #100, Fairfield - 21,540 s/f lease renewal by DHL Express
4977 Allison Parkway, Vacaville - 21,600 s/f lease Metro Candy/Halloween World

Cushman & Wakefield (http://www.cushmanwakefield.com/)
5191 Fermi Dr, Fairfield - 330,750 s/f purchase by Panattoni Development
2445 S Watney Way, Fairfield - 110,217 s/f purchase by Paul Amir
2445 S Watney Way, Fairfield - 35,000 s/f lease by Comcast
2449 S Watney Way, Fairfield - 59,000 s/f purchase by Fowler Properties
2449 S Watney Way, Fairfield - 59,000 s/f lease by Grateful Palate
2345 S Watney Way, Fairfield - 25,000 s/f lease by Saury USA
149 Grobic Court, Fairfield - 19,800 s/f purchase by Phillips LLC
2660 Cordelia Rd, Fairfield - 15,000 s/f by Sutter Regional Medical
497 Edison Court, Fairfield - 9,600 s/f lease by Dons Transport

Grubb & Ellis (http://www.grubb-ellis.com/)
2000 Walters Rd, Fairfield - 19,200 s/f lease by American Builders & Contractors
2031-2041 Cessna, Vacaville - 564,000 s/f lease renewal by Pacific Cycle

Keegan & Coppin (http://www.keegancoppin.com/)
560 First Street, Benicia - 34,000 s/f sale

Premier Commercial (http://www.pcres.net/)
4977 Allison Parkway, Vacaville - 21,600 s/f lease Metro Candy
2216 Cement Hill Road, Fairfield - 3 acres lease by Concrush
2216 Cement Hill Road, Fairfield - 14,885 s/f lease by Sutter Regional Medical
Lot #8, Industrial Drive, Fairfield - 1.55 acres purchase by T & L Howell
Lot #9, Industrial Drive, Fairfield - 1.7 acres purchase by Moince

EDC Board members get "sneak preview" of Genentech's $1.2 billion expansion

Solano EDC Board members got a sneak preview tour of Genentech's new $1.2 billion manufacturing facility in Vacaville on Sept. 27. The new facility represents the world's largest biotechnology manufacturing plant and adds to Solano County's rising role as a premier location for the biotech industry.

Mike Ammann, president of EDC, pointed out that the facility demonstrates Genentech's faith in Solano County. He did, however, make it clear that California's inability to provide alternative methods of taxation to retain, grow, and attract major capital investment is a real danger to the state's economic future.

Because of California's inaction, for example, Vacaville lost Phase III of the Genentech campus valued at $250 million to Portland, Oregon. The packaging and distribution of the medical products produced in Vacaville will be handled in Oregon.

Charles Calderaro, VP & General Manager of Genentech's Vacaville Product Operations, confirmed Ammann's views and concerns about the state's role in the future of manufacturing, and said it would be a shame for California-the birthplace of the biotech industry-to now lose out on opportunities to reap the benefits from this expanding industry.

The new Vacaville facility will be operational in 2009. Currently it is in the final phases of equipment installation, calibration, testing and staff training. In addition to the new manufacturing complex, Genentech has also announced and plans to break ground this fall for a new research and development center in Dixon.

Nation's Top Site Consultants

Mike Ammann, EDC president, recently attended the International Economic Development Council convention in Phoenix, Arizona, and discussed the opportunities for business in Solano County with the nation's top site consultants.

Center - Robert Ady, Ady International & former President of PHH Fantus Consulting and the founder of professional site selection. Other site consultants attending include: Angelos Angelou, Principal, Angelou Economic; Buzz Canup, founder & President of Canup & Associates; Gene Deprez, Associate Partner, IBM Global Business Services; William Fredrick, Sr. Mgr Dir, Wadley-Donovan Growth Tech, LLC; Dean Foote, Sr Projects Mgr, Carter & Burgess; Samuel Lee, Midwest C&I Practice Leader, Deloitte Tax LLP; Roel Spee, Europe & Asia-Pacific Leader, IBM Business Consulting Services; Mark Sweeney, Sr Principal, McCallum Sweeney Consulting; and Jerry Szatan, Principal Szatan & Associates. Ammann said events such as the IEDC conference allow him to annually network face-to-face with the nation's top site consultants and important economic development professionals in support of the mission of EDC to position the county to attract new business by promoting the specific assets of Solano County cities.

Solano EDC Upcoming Events

The Solano EDC, in conjunction with the Benicia, Dixon, Fairfield-Suisun, Rio Vista, Vacaville and Vallejo Chambers of Commerce invite you to attend a breakfast event featuring Dominic DiMare, Vice President of Government Relations for the California Chamber of Commerce. The breakfast will be held on October 25, 2007 at the Hilton Garden Inn Fairfield. Registration begins at 7:30 am, program at 8:00 am. Cost to attend is $25 per person. For more information or to register contact the Solano EDC at 707-864-1855.

Did You Know?
What was the first biotech corporation to open a manufacturing plant in Solano County?
If you said Budweiser, you're correct. It's easy to forget that this major employer is a true biotech company, using science to create some of the world's most popular beer. Today, biotech is growing in Solano County with other major corporations locating facilities here. The future of biotech is a bright spot in our economic future. It's fun to remember that it all started with Budweiser!

The Solano Economic Development Corporation's mission is to enhance the economic vitality and quality of life of Solano County communities through the attraction, growth and retention of business and industry.

Solano EDC Team
Mike Ammann, President (http://mailto:mike@solanoedc.org)
Sandy Person, Vice President (http://mailto:sandy@solanoedc.org)
Pat Uhrich, Office Manager (http://mailto:pat@solanoedc.org)
Andy Turba, Special Projects (http://mailto:andy@solanoedc.org)

Solano Economic Development Corporation
360 Campus Lane, Suite 102, Fairfield, CA 94534
Phone: 707-864-1855
Fax: 707-864-6621
Website: http://mailto:www.solanoedc.org

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