Project’s first phase delivers approximately 808,000 SF of Class A life sciences research labs, technology and office space, and mixed-use residential
Cushman & Wakefield leading leasing efforts for Phase I commercial space
SACRAMENTO, Calif. – March 17, 2025 – The highly anticipated first phase Grand Opening of Aggie Square is fast-approaching. A development by Wexford Science + Technology in partnership with The University of California, Davis (“UC Davis”) and the city of Sacramento, Aggie Square is a premier mixed-use development situated on the UC Davis Health Campus in Sacramento. Located at the corner of Stockton Boulevard and 2nd Avenue, Aggie Square’s first phase delivery will consist of approximately 808,000 square feet (SF) of upscale Class A life sciences research labs, technology, and office space, plus housing and retail space. A ribbon-cutting ceremony is scheduled for May 2.
“Once the entire Aggie Square project is up and running, it will support 3,200 jobs annually and about $500 million in annual regional economic impact in the Sacramento region,” said UC Davis Chancellor Gary S. May citing economic and fiscal impact analyses from Economic and Planning Systems Inc.
According to a study by Economic & Planning Systems Inc. (“EPS”), more than 12,100 construction-related jobs will be supported regionally by Aggie Square. Furthermore, the project is forecast to result in $1.92 billion in total economic output regionally and $2.32 billion statewide. About 8,300 person-year jobs are estimated to create an additional 4,900 statewide over the construction period. (The number of jobs would be divided by the total years of construction to get an average annual number of jobs.)
UC Davis selected Baltimore-based Wexford Science & Technology as the developer of Aggie Square based upon its unparalleled experience with creating innovation districts that blend university research, entrepreneurial activity, corporate engagement, and community inclusion. Cushman & Wakefield is heading the leasing efforts for the first phase’s core commercial space totaling ±568,000 SF in two buildings at 200 and 300 Aggie Square. For its tenant mix, the C&W team is primarily targeting compatible uses that reflect the overarching thematic focus of the University’s uses such as cancer and neuroscience related research, pharma, biotech, food science, agtech, veterinary medicine, as well as technology and professional service related users focused on venture capital, clean tech, edtech, artificial intelligence, and health science companies.
“The creation of Aggie Square is a transformational milestone that continues the research growth of the UC Davis health campus and establishes a center of gravity and congregation for university research, start-up activity, corporate innovation, lifelong learning, and community engagement and inclusion,” said Larry Cambra, Vice President of Leasing, Wexford Science & Technology.
Hired by Wexford Science & Technology, the Cushman & Wakefield leasing team features a highly experienced and strategically curated group of specialists led by local office/technology brokers Ron Thomas, Bruce Hohenhaus, and Kris Kalmbach in Sacramento together with Marc Pope and Brett Ward who are leading members of the firm’s National Life Sciences Practice Group in Northern and Southern California.
“We are very excited to be nearing the completion on the first phase of Aggie Square, a game-changing project in Sacramento that has and will continue to have a profound impact on the regional economy and beyond,” said Ron Thomas, Executive Managing Director.
“Aggie Square is a thrilling life sciences and lab project for the Sacramento Region that will also serve as an extension of the San Francisco Bay Area. This new development from the highly experienced team of Wexford Science & Technology will create a $1.15 billion innovation and biotech hub on the campus of one of the world’s premier universities and medical and research centers,” added Marc Pope, Vice Chair.
Situated on ±8.25 acres, Aggie Square’s delivered Phase I totaling ±808,000 SF consists of a 313,000-SF lab and life science building (200), a ±255,000-SF Lifelong Learning office and classroom building (300); a 35,000-SF UC Veterinary Genetics Lab (400); and a new residential development known as Anova Aggie Square featuring 190 apartment units plus 15,000 SF of retail. Phase I also includes community serving uses, a parking structure, and indoor/outdoor public spaces. Each building is anchored by UC Davis programs and configured to co-locate private industry investment, and robust “innovation infrastructure” for startups, as well as community-based partnerships. The project is also currently marketing another 313,000 SF lab and life science building with ground floor retail located at 100 Aggie Square, mirroring 200 Aggie Square. The 100 building offers a flexible design and would commence construction once it hits preleasing thresholds.
“Aggie Square will help transform innovation with the partnerships it creates among industry, scholars, students, entrepreneurs and the community,” said George Baxter, Chief Innovation and Economic Development Officer at UC Davis.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
About Wexford Science & Technology
Wexford Science & Technology, LLC, is a real estate company exclusively focused on partnering with universities, academic medical centers and research companies to develop vibrant, mixed-use communities. Wexford’s communities are built on a foundation of discovery, innovation and entrepreneurial activity that creates visible outcomes in the form of substantial economic growth, new and diverse jobs, and community transformation. Wexford targets strategic opportunities with top-tier research universities that are directly on or contiguous to dense, urban campuses. Presently Wexford has developed 15 Knowledge Communities across the United States.
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