Alexandria Real Estate Equities, Inc. Wins Its First International TOBY (The Outstanding Building of the Year) Award in Life Science Category for 8 Davis Drive Anchoring the Alexandria Center for Advanced Technologies Megacampus in Research Triangle
PASADENA, Calif., July 17, 2025 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative Megacampus™ ecosystems in AAA life science innovation cluster locations, today announced it has been honored with the 2025 International TOBY (The Outstanding Building of the Year) Award in the Life Science category for 8 Davis Drive on the Alexandria Center® for Advanced Technologies Megacampus in Research Triangle. The TOBY Awards, administered by BOMA (Building Owners and Managers Association), are the commercial real estate industry's highest recognition honoring excellence in building management and operations. Following local and regional recognition and a competitive judging process, 8 Davis Drive was awarded the International TOBY in the recently introduced Life Science category from among four global finalists, including two additional Alexandria properties — 201 Haskins Way in the San Francisco Bay Area and 188 East Blaine Street in Seattle. The prestigious award marks Alexandria's first international TOBY win, a milestone that underscores the company's long-standing track record in design, placemaking, operational excellence and innovation.
"We are incredibly honored to receive our first-ever International TOBY for 8 Davis Drive in Research Triangle, where we have been at the vanguard of growing and shaping a vibrant and impactful innovation ecosystem since 1998," said Joel S. Marcus, executive chairman and founder of Alexandria Real Estate Equities, Inc. and Alexandria Venture Investments. "In 2012, we acquired a 50-acre site from The Hamner Institute for Health Sciences, named for Dr. Charles Hamner, the 'Father of North Carolina's Life Sciences,' with the vision to bring a new advanced technologies campus to the cluster. Over the past decade, we have transformed this site into a dynamic Megacampus distinguished by its stellar design and curated placemaking, creating a vital hub within the Research Triangle ecosystem."
8 Davis Drive is situated in the heart of the Alexandria Center® for Advanced Technologies Megacampus, a best-in-class multi-tenant ecosystem for R&D, biomanufacturing, and next-generation scientific and technological innovation. Home to a diverse mix of entities advancing complex modalities such as cell and gene therapy and radiopharmaceuticals, the campus is thoughtfully designed to enhance innovation and enable its tenants to attract and retain the brightest talent. Its uniquely amenity-rich ecosystem features a locally sourced eatery, a high-performance fitness and wellness center, a sophisticated event and conference center with world-class hospitality, and a beautifully landscaped central courtyard. The Megacampus's prime location offers convenient access to Interstate 40 and Raleigh-Durham International Airport, as well as critical adjacency to the region's renowned academic institutions — Duke University, the University of North Carolina and North Carolina State University. Designed for scalability and flexibility, it provides a robust ecosystem that offers leading companies a path for growth.
"At Alexandria, we are relentless in designing and operating high-quality laboratory and advanced technology infrastructure and collaborative Megacampus environments that optimize tenant productivity and empower their talent to thrive," said Blake Stevens, senior vice president and Research Triangle regional market director of Alexandria Real Estate Equities, Inc. "This important recognition from BOMA reflects our team's exceptional service and our success in cultivating a forward-thinking, community-driven Megacampus, where our tenants are working to solve disease in premature infants, diagnose cancer earlier, create new medicines to preserve and restore sight, and harness advanced technologies to improve the human condition."
The Alexandria Center for Advanced Technologies Megacampus – Research Triangle and Alexandria's two additional world-class Megacampus ecosystems compose the epicenter of innovation for life science and advanced technologies in this important cluster. Alexandria is Research Triangle Park's largest owner and operator, with a regional asset base exceeding 3.8 million RSF serving a strong and diverse client base of approximately 100 tenants, and continues to lead the way in shaping the future of human health in the Triangle.
About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator and developer of collaborative Megacampus™ ecosystems in AAA life science innovation cluster locations, including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle and New York City. As of June 30, 2025, Alexandria has a total market capitalization of $25.7 billion and an asset base in North America that includes 39.7 million RSF of operating properties and 4.4 million RSF of Class A/A+ properties undergoing construction and one 100% pre-leased committed near-term project expected to commence construction in the next year. Alexandria has a longstanding and proven track record of developing Class A/A+ properties clustered in highly dynamic and collaborative Megacampus environments that enhance our tenants' ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity and success. Alexandria also provides strategic capital to transformative life science companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns and greater long-term asset value. For more information on Alexandria, please visit www.are.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding the impact of Alexandria's Megacampus ecosystems on its tenants' ability to recruit and retain top talent and on its tenants' businesses in their pursuit of novel innovation to improve quality of life, and the features and amenities of the Alexandria Center® for Advanced Technologies Megacampus. These forward-looking statements are based on Alexandria's present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by Alexandria's forward-looking statements as a result of a variety of factors, including, without limitation, the risks and uncertainties detailed in its filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release, and Alexandria assumes no obligation to update this information. For more discussion relating to risks and uncertainties that could cause actual results to differ materially from those anticipated in Alexandria's forward-looking statements, and risks and uncertainties to Alexandria's business in general, please refer to Alexandria's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q.
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