Impax Laboratories has acquired a 50,400-sf building in Haywardfrom Webcor, in a sale that is valued at $4.9 million. Theproperty, which is located at 31153 San Antonio St., is situated on4.5 acres of land.

Impax, which has another Hayward facility at 30831 HuntwoodAve., plans to use its new space as its headquarters and productionfacility. The company is a technology-focused pharmaceuticallaboratory.

"This is a sizeable expansion for Impax," said Dan Bergen, avice president with Colliers International, who, along with IanStuart of Colliers, brokered the sale on behalf of Webcor. "Biotechand drug companies continue to show encouraging growth patterns andImpax's expansion is a significant indicator of that growth."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.