Life sciences company Aviridi is expanding in Greater Philadelphia. The company recently purchased a 26,000-square-foot building in Pottstown in Montgomery County, which is in a Qualified Opportunity Zone.
“Pottstown is an exceptionally attractive location for life sciences manufacturing as research and development companies seek to commercialize their successes in the lab and require modern, cost-effective manufacturing capacity in order to grow,” Jamie Anderson, co-founder of Aviridi, said in a statement.
The building is the second Montgomery County property purchased by Aviridi, reports The Reporter. In April, the company closed on the purchase of a 10,000-square-foot life sciences facility in Norristown that will serve as the company’s headquarters, also in a Qualified Opportunity Zone.
The company told The Reporter that Montgomery County is strategically located from a business investment standpoint.
“Specific to life sciences, we see the Philadelphia market migrating further out for various reasons, but especially for manufacturing which requires a balance between cost, location and size,” the company said in its response to questions from The Reporter. “King of Prussia, for example, has become a major center for life sciences research and development and our Norristown location is uniquely situated to serve multiple aspects in support of life science development.”
“We are currently working with design firms to substantially upgrade the facility, including adding upper floors for a research and development space,” the company said in its response to questions.