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Concept Companies announces expansion for AGTC in Alachua’s Foundation Park

GAINESVILLE, Fla., May 14, 2021 /PRNewswire/ — Concept Companies, a Gainesville headquartered full-service real estate development, and construction firm, has executed an agreement to commence development of a new laboratory facility for Applied Genetic Technologies Corporation (Nasdaq: AGTC). The location will include quality control labs and a manufacturing suite, expanding AGTCs existing footprint in Alachua, FL. The 21,000 square foot building is expected to be ready for occupancy in 2022.

“Alachua is the perfect location for companies like AGTC who operate out of corporate offices in larger municipalities such as Cambridge, but desire to have more customized, flexible, and affordable R&D and manufacturing facilities in our business-friendly Sunshine State,” said Brian Crawford, founder, owner, and CEO of Concept Companies.

The Foundation Park site, developed by Concept Companies, is a strategically located property in the heart of the North Florida Research cluster offering state-of-the-art, build-to-suit laboratory and office space for biotechnology and life science companies. It’s a great fit for companies of all sizes, and particularly for the emerging trend of large companies headquartered in larger cities either relocating or locating anew, certain segments of major organizations. This trend is being heightened by the realities of the continued growth within the sector and compounded by coronavirus, providing much-needed decision-making flexibility to large companies.

“This manufacturing build-out reinforces our commitment to the advancement of our XLRP candidate through a Phase 2/3 clinical trial and, if approved, eventual commercialization. We are taking steps to increase control over our cGMP manufacturing and analytical release to ensure that we can meet anticipated future demand for our current clinical candidates and our exciting pre-clinical opportunities,” said Sue Washer, President and Chief Executive Officer of AGTC. “This state-of-the-art manufacturing facility will provide us with the flexibility to pursue additional indications that have large patient populations and/or require substantially higher doses to provide efficacy.”

“The City of Alachua is thrilled with AGTC’s expanded presence in the region and we commend Concept Companies for its vision to provide this critical facility, which will support our economy, job growth, and quality of life,” said Adam Boukari, City Manager, Alachua.

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