Sacramento, Calif. – Cushman & Wakefield recently acted as the exclusive advisors to Bayer CropScience in the acquisition of a new West Sacramento research and development facility.Ron Thomas and Bruce Hohenhaus of Cushman & Wakefield’s Sacramento office advised Bayer CropScience on the acquisition of a 164,000 sq. ft. R&D and lab facility at 870-890 Embarcadero Road in West Sacramento. The building was owned by Ethan Conrad Properties.
According to Bayer, the new facility will serve as the U.S.-based R&D operations for the vegetable seed and crop protection products. Bayer CropScience is one of the world's leading innovative crop science companies and has a well-established inventory of environmentally green products, fruit and vegetable seed products, and biological control agents available in 30 countries.
Research by the Sacramento Area Commerce and Trade Organization estimates the project will have an economic impact of about $127 million in output (the value of goods and services in the Sacramento Region economy on an annual basis generated through direct, indirect, and induced activities of the company).
“We are privileged to have advised Bayer on such an important transaction for its CropScience group, said Ron Thomas, C&W Executive Director and Sacramento Market Leader. “This is the first of many significant announcements expected to come from West Sacramento in the coming months. We’re excited to be part of the revitalization of this important part of the Sacramento community and continue to be encouraged by the overall level of positive activity in the greater Sacramento region.”
Cushman & Wakefield is the world’s largest privately‐held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917, it has 253 offices in 60 countries and nearly 15,000 employees. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management,, project management, consulting and appraisal. The firm has more than $3.7 billion in assets under management globally.