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lexandria Real Estate Equities, Inc. (NYSE: ARE), a pioneering owner, operator and developer of collaborative Megacampus ecosystems in AAA life science innovation cluster locations, has been honored with the 2025 International TOBY Award in the Life Science category for 8 Davis Drive on the Alexandria Center for Advanced Technologies Megacampus in Research Triangle.
The prestigious award marks Alexandria's first international TOBY win, underscoring its long-standing track record of design excellence, placemaking, operational expertise and innovation. "We are incredibly honored to receive our first-ever International TOBY for 8 Davis Drive," said Joel S. Marcus, executive chairman and founder of Alexandria Real Estate Equities, Inc.
Located in the heart of the Research Triangle ecosystem, the Alexandria Center for Advanced Technologies Megacampus is a best-in-class multi-tenant ecosystem for R&D, biomanufacturing, and next-generation scientific and technological innovation. The campus features a diverse mix of entities advancing complex modalities such as cell and gene therapy and radiopharmaceuticals.
"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."
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. The company 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) is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With its founding in 1994, Alexandria pioneered the life science real estate niche and has developed Class A/A+ properties clustered in highly dynamic and collaborative Megacampus environments that enhance tenants' ability to successfully recruit and retain top talent and inspire productivity, efficiency, creativity and success.
Alexandria provides strategic capital to transformative life science companies through its venture capital platform. The company believes its 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.
