A joint venture comprising Los Angeles–based HATCHspaces, Denver-based healthcare developer NexCore Group and Nuveen Real Estate has acquired a 56,300-square-foot industrial facility in the Playa Vista area of West Los Angeles. The project will be redeveloped as a cGMP biomanufacturing facility and serve as the headquarters to Armata Pharmaceuticals. The building, located at 5005 McConnell, will serve as a critical manufacturing facility for treatments for antibiotic-resistant and difficult-to-treat bacterial infections.
“The life sciences industry in Greater Los Angeles is past the point of being an emerging market and has quickly created a need for modern biomanufacturing facilities,” said Allan Glass, HATCHspaces co-founder. “We have seen significant manufacturing projects being built by growing biotech firms, and respected CDMOs acquiring operational capacity in existing facilities. Significant companies in the industry have invested in Southern California. They h
