City to Change Street Name to ‘Genomics Place’
PLEASANTON, Calif., March 09, 2021 (GLOBE NEWSWIRE) — 10x Genomics, Inc. (Nasdaq: TXG) today announced expansion plans to support the company’s continued growth in Pleasanton across two properties. Along with the leasing of a second building in the same complex as its current headquarters, 10x has acquired the site of the former Pleasanton Plaza retail complex at 1701 Springdale Avenue for $29.4 million.
The property at 1701 Springdale Avenue, will undergo a significant transformation that will see 381,000 square feet created across up to three new buildings, as well as the construction of a parking garage. The first building is slated to open in 2022, and will include clean rooms for labs and office space. While the second campus is under development, 10x will expand its current operations to a second building at Pleasanton Corporate Commons. Located at 6210 Stoneridge Mall Road, this building will undergo an extensive interior buildout to enhance the company’s research and development capabilities. 10x Genomics plans to take a phased approach to occupying the new space, which is expected to be fully completed by 2023.
These moves reaffirm 10x’s commitment to the city it has called home since the company was founded in 2012. 10x Genomics was built on the mission to master biology to advance human health and its products are used by scientists to make discoveries in areas ranging from oncology to immunology and neuroscience. The company has grown to over 900 employees in offices across Singapore, China, Netherlands, Copenhagen and Sweden.
“Today, we are in the Century of Biology. Our 10x technologies are fueling discoveries around the globe at a rapid rate, accelerating the need to expand our facilities to better serve our customers,” said Serge Saxonov, Co-founder and CEO of 10x Genomics. “Pleasanton has been an incredible base for us since our start in a garage almost ten years ago with its great talent, affordable cost of living and vibrant community. We look forward to extending our headquarters in this city and staying here for years to come.”
In recognition of the company’s expansion efforts and continued investment in the city, Pleasanton will unveil a new street name. The street ‘Fabian Court,’ which connects 10x Genomics’ buildings on Stoneridge Mall Road to the new campus on Springdale Avenue, will be renamed to ‘Genomics Place’ later this year.
“10x Genomics’ investment in new facilities to expand its headquarters and research presence further demonstrates that Pleasanton is a flagship city for life sciences companies,” said Mayor Karla Brown, City of Pleasanton. “We look forward to our continued partnership in working with 10x Genomics on this project.”
About 10x Genomics
10x Genomics is a life science technology company building products to interrogate, understand and master biology to advance human health. The company’s integrated solutions include instruments, consumables and software for analyzing biological systems at a resolution and scale that matches the complexity of biology. 10x Genomics products have been adopted by researchers around the world including in all of the top 100 global research institutions as ranked by Nature in 2019 based on publications and all of the top 20 global pharmaceutical companies by 2019 research and development spend, and have been cited in over 2,200 research papers on discoveries ranging from oncology to immunology and neuroscience. The company’s patent portfolio comprises more than 1,000 issued patents and patent applications.
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