Alexandria Real Estate Equities
NCATS Leases Rockville Home for Pre-Clinical Studies Division
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.
NYC's New Alexandria Center Envisions Translationally-Focused Institutes in its Tenant Mix
The chairman, CEO and founder of Alexandria Real Estate Equities told GenomeWeb Daily News that New York's academic and nonprofit research institutions will be among those who stand to benefit from the life sciences campus, the first phase of which it recently completed on Manhattan's East Side.
Eli Lilly's ImClone Signs 15-Year Lease to be Anchor Tenant at New York's East River Science Park
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An Alexandria official would not discuss whether the deal would hasten a decision to begin the project's second phase, which has been delayed due to the ongoing economic upheaval.
"They're on a 15-year lease, and they don't have a right to terminate for 10 years," said the CEO of Alexandria Real Estate Equities.
The decision, made less than a year after Pfizer penned the deal, reflects a study of its space needs in light of its planned $68 billion acquisition of Wyeth, as well as simple economics. The departure is also a setback for Mission Bay and the Bay Area's lab space market.
Apr 6, 2009
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Feb 17, 2009