#United States #Alexandria Real Estate #8 Davis Drive #TOBY Award #Research Triangle

Introduction

In a significant achievement for Alexandria Real Estate Equities, Inc., the company has been awarded its first International TOBY (The Outstanding Building of the Year) Award in the Life Science category. The award recognizes excellence in building management and operations, highlighting the quality and innovation that Alexandria brings to the life sciences sector.

Background

Founded in 1994, Alexandria Real Estate Equities, Inc. holds a unique position as a pioneering owner, operator, and developer of collaborative Megacampus™ ecosystems. With a commitment to enhancing life science innovation, the company has consistently shaped vibrant, impactful environments for research and development.

The Winning Facility: 8 Davis Drive

8 Davis Drive has been designated as the flagship property within the Alexandria Center for Advanced Technologies Megacampus located in the heart of the Research Triangle. This award is particularly remarkable as it places 8 Davis Drive among a select group of global finalists, reaffirming Alexandria’s leadership in the sector. The facility itself boasts high-quality laboratory and advanced technology infrastructure designed for scalability and innovation.

Significance of the TOBY Award

The TOBY Awards, administered by the Building Owners and Managers Association (BOMA), serve as the highest recognition in the commercial real estate industry. Receiving the International TOBY Award not only celebrates Alexandria’s management and operational excellence but also underscores its long-standing commitment to design, placemaking, and innovation. As the company’s first International TOBY win, this achievement symbolizes Alexandria's dedication to building environments that empower their tenant's success.

Features of 8 Davis Drive

Part of a multidimensional ecosystem, 8 Davis Drive supports a variety of enterprises focused on advancing technologies such as cell and gene therapies. The facility is not just a building; it is a thoughtfully planned campus designed to attract and retain top-tier talent. Notable features include:

• - A locally-sourced eatery fostering community and wellness
• - A high-performance fitness center promoting healthy living
• - A state-of-the-art event space combining functionality with world-class hospitality
• - A beautifully landscaped central courtyard designed for relaxation and collaboration

The prime location of the Alexandria Center provides easy access to key logistical routes and proximity to esteemed academic institutions like Duke University and the University of North Carolina, creating additional synergy for research and development ventures.

Future Vision

As Alexandria continues to expand its influence in the biopharmaceutical sector, the company remains committed to cultivating environments that enhance collaboration and innovation. Joel S. Marcus, the company's Executive Chairman, stated, "We have been at the vanguard of growing and shaping a vibrant and impactful innovation ecosystem since 1998." This ongoing vision assures that Alexandria's Megacampus ecosystems will play an integral role in addressing complex health challenges through transformative life sciences technologies.

Conclusion

The recognition of 8 Davis Drive with the International TOBY Award is a testament to Alexandria Real Estate Equities, Inc.'s unwavering commitment to excellence in the life sciences field. The award not only reflects the remarkable achievement of the team at Alexandria but also signals a promising future for advancements in human health driven by innovative laboratory environments. Alexandria stands as a leader, continuing to shape the future of life sciences through its dynamic, community-oriented approach to real estate development.