NEW YORK (GenomeWeb News) – The National Center for Advancing Translational Sciences has leased a 75,000-square-foot space at the Shady Grove Life Sciences Center in Rockville, Md., Alexandria Real Estate Equities said today.
The 15-year lease on the space in Rockville, owned by Alexandria and located near the National Institutes of Health campus, will house NCATS' Division of Pre-Clinical Innovation.
With this agreement, NIH now leases a total of 135,000 square feet in the Shady Grove center, including 60,000 square feet that serves as a home for the NIH Chemical Genomics Center.
The Division of Pre-Clinical Innovation advances collaborative research projects, and includes the Therapeutics for Rare and Neglected Diseases program, which is focused on the development of new drugs through collaborations between NIH, industry, and researchers at academic and non-profit institutes.
Terms of the lease were not disclosed.