HDL Launches 95 KSF Phase 2 of HQ Expansion in Richmond
By Adrian Maties, Associate Editor
Health Diagnostic Laboratory, Inc.started construction this week on the second phase of its $100 million headquarters expansion in Richmond’s Virginia BioTechnology Research Park. Phase 1 of the project was completed in February.
Located at the corner of East Jackson and North Fifth streets and bordered to the southeast by Navy Hill Drive, the second phase will provide 95,000 square feet of office and wet laboratory space and will house 400 employees. To make way for thenew building, a two-story facility used by HDL to house its sales support, client services, and technology teams will be demolished. Completion is scheduled for April 2014.
The new building will be linked to the expansion’s 112,000-square-foot, six-story first phase. That facility, which houses 650 employees, is located at the corner of East Jackson and North Fifth streets on the former site of HDL’s now-demolished BioTech 3 building. Also on the campus is HDL’s 76,000-square-foot, three-story original headquarters, dubbed BioTech 8.
Fulton Bank, StellarOne and Xenith Bank will provide financing for the $25 million Phase II. All told, HDL’s new headquarters will be a 283,000-square-foot complex with a rooftop park and green space, a 24/7 gym for employees. Its atrium will contain spiral slides connecting the sixth, fifth, and fourth floors
“It is our mission to prevent and reverse heart disease and related diseases, and this real estate expansion is allowing us to do so as a team in a values-based, innovative environment in downtown Richmond,” Tonya Mallory, HDL, Inc.’s president & CEO, said.
Photo: HDL, Inc.Tags: biotechnology, Commercial, construction, Developers, Development, Financiers, Health Care, Health Diagnostic Laboratory Inc., Healthcare, Lingerfelt Development, Local, Medical, Office, Richmond, Virginia BioTechnology Research Park