High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Washington DC CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Washington DC & Mid-Atlantic  + Virginia  + Industrial  | 

AstraZeneca Plans Massive Manufacturing Factory in Virginia

Global pharmaceutical giant AstraZeneca has chosen Virginia for its largest-ever single manufacturing investment. The multi-billion dollar facility is part of AstraZeneca’s $50 billion U.S. expansion plan.

“Advanced manufacturing is at the heart of Virginia’s dynamic economy, so I am thrilled that AstraZeneca, one of the world’s leading pharmaceutical companies, plans to make their largest global manufacturing investment here in the Commonwealth,” said Governor Glenn Youngkin.

The Virginia facility will be powered by AI, automation, and data analytics, focusing on treatments for cancer, heart and respiratory diseases, and rare conditions. AstraZeneca also has gene therapy production facilities in Maryland and California, as well as its plants in Indiana and Texas.

“I look forward to partnering with Governor Youngkin and his team to work on our largest single manufacturing investment ever,” said AstraZeneca Chief Executive Officer Pascal Soriot.” It reflects the Commonwealth of Virginia’s desire to create highly skilled jobs in science and technology, and will strengthen the country’s domestic supply chain for medicines.”

Connect

Inside The Story

Governor of VirginiaAstraZeneca

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.