Exact Sciences
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Project Links
2018Phase 1 Completed |
2019Phase 2 Completed |
Clinical LabDevelopment |
Master Planned Life Sciences Campus
Exact Sciences (NASDAQ: EXAS) is experiencing very rapid growth of its flagship product, Cologuard, a noninvasive colorectal cancer screening test. To accommodate projected demand, it was imperative to acquire additional real estate that could provide additional laboratory capacity, space for its growing customer care, IT and administrative teams, and expansion area for future growth.
General Capital assisted Exact Sciences in selecting an optimal location, strategic planning, due diligence, a fast track entitlements process, and capital structuring. Phase 1, which started in Fall 2017, including a 49-acre land assembly and construction of a 169,000 square foot clinical lab and warehouse. Phase 2, which started in early 2018, includes the complete remodel of the former Spectrum Brands office building, along with construction of an amenities building, production lab, and 940-stall parking deck. The project scope for the first two phases includes 506,000 square feet of buildings plus the parking deck. Expansion land can accommodate future growth. The Clinical Lab was awarded a LEED Gold Certification in July 2020.
KEY THEMES
- Rapid company growth drove the need for a large-scale life sciences campus expansion in Madison
- Mission-critical facilities were designed to support advanced clinical laboratory and operational functions
- Multi-phase campus planning created long-term flexibility for future growth and expansion
- Fast-track development delivery aligned with Exact Sciences’ accelerated operational timeline
- Integrated campus design combined laboratory, office, production, and employee amenity spaces into a unified environment
RESULTS
- Successfully delivered a multi-phase life sciences campus totaling more than 500,000 SF
- Phase 1 included a 169,000 SF clinical laboratory and warehouse facility on a 49-acre assembled site
- Phase 2 added office redevelopment, production laboratory space, an amenities building, and a 940-stall parking structure
- Clinical laboratory facility achieved LEED Gold Certification in 2020
- Development supported continued expansion of Exact Sciences, a leader in early cancer detection and diagnostic innovation
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