Purpose-built to drive innovation and
collaboration, Alexandria's
world-class campus is anchored by Nurix Therapeutics, a leader
in targeted protein modulation that is leveraging its powerful
platform to treat cancer and other challenging diseases
PASADENA, Calif. and HOUSTON, Oct. 19,
2023 /PRNewswire/ -- Alexandria Real Estate Equities,
Inc. (NYSE: ARE), the first, preeminent, longest-tenured and
pioneering owner, operator and developer of collaborative life
science, agtech and advanced technology mega campuses in AAA
innovation cluster locations, today celebrates the grand opening of
the Alexandria Center® for Advanced Technologies at
The Woodlands, a one-of-a-kind,
amenity-rich multi-tenant campus at 8800 Technology Forest Place in
the heart of the Greater Houston
life science cluster. The campus is home to the first
purpose-built, cost-effective Class A laboratory infrastructure in
The Woodlands in Greater Houston, and the grand opening event
marks a historic milestone in the company's development of a
first-of-its-kind commercial life science ecosystem within this
emerging innovation hub. Alexandria's proven cluster model, informed by
Harvard Business Professor Michael E.
Porter's cluster theory, consists of the four critical
drivers needed to create a thriving life science cluster: location,
innovation, talent and capital. Leveraging its nearly three-decade
track record of life science ecosystem building and cluster
development, the company is bringing its best-in-class commercial
Labspace® real estate together with trailblazing
scientific innovation, a growing STEM talent pool and strategic
risk capital in The Woodlands, a
world-class location that benefits from a tax-free jurisdiction,
low crime rates and a cost-of-living advantage relative to major
cities. Alexandria is convening
industry leaders and innovators this afternoon at the new
Alexandria Center for Advanced Technologies at The Woodlands to commemorate the occasion.
Intentionally designed to ignite collaboration and advance human
health, the inspiring campus features move-in-ready laboratory
space and adjacent nontechnical space, as well as vital laboratory
support services. The campus's first building is a 123,392 RSF LEED
Gold Core & Shell and Fitwel-certified redevelopment project
anchored by San Francisco-based
Nurix Therapeutics, a longtime Alexandria tenant. Nurix is a clinical-stage
biopharmaceutical company leading the field of protein modulation
to treat cancer and other challenging diseases, and its expansion
to Texas enables the company to
enhance its discovery and development efforts on a broad pipeline
of proprietary and partnered programs in oncology and
autoimmune/inflammatory diseases. Alexandria has activated and enhanced the
Alexandria Center for Advanced Technologies campus with an
unparalleled suite of amenities, which include modern conference
and event space, an expansive courtyard and event lawn, a wellness
and fitness center and on-site pickleball courts. The new campus is
conveniently located in proximity to leading academic medical
centers and the George Bush Intercontinental Airport. The site can
accommodate development to expand the campus.
"We have had an outstanding strategic relationship with
Alexandria since 2014 and
approached them to support our expansion to Texas," said Arthur T.
Sands, MD, PhD, president and chief executive officer of
Nurix. "The Woodlands offers us a
business-friendly, entrepreneurial environment that is critical to
our growth. Alexandria's
thoughtfully designed new campus provides us with state-of-the-art
laboratory space and dynamic amenities that are key to helping us
attract and retain top talent as we work to change the future of
medicine through an exciting new modality of treating disease:
targeted protein modulation."
"We are honored to expand our strategic relationship with Nurix
and welcome them as the anchor tenant at our world-class advanced
technology campus in The
Woodlands. This purpose-built campus will be unmatched in
the region in providing move-in-ready and cost-effective
laboratories to drive forward novel therapeutic innovation in a
safe work-play-live environment," said Joel
S. Marcus, executive chairman and founder of Alexandria Real
Estate Equities, Inc. and Alexandria Venture Investments. "Our
efforts in The Woodlands are much
like when we entered New York
City, where commercial life science was very limited before
we opened our flagship Alexandria Center for Life Science – NYC in
2010. We are similarly committed to developing a commercial life
science presence in The Woodlands.
Steve Jobs once said, 'the biggest
innovations of the 21st century will be at the intersection of
biology and technology,' and his prediction has come to fruition.
Here in The Woodlands, this
important convergence will drive opportunities to accelerate the
development of new medicines to benefit patients."
As part of Alexandria's
strategic efforts to nurture and drive this nascent life science
ecosystem forward, the company is extending the Alexandria Seed
Capital Platform™ to The
Woodlands. Led by Alexandria Venture Investments, the
national platform brings together leaders from across the life
science community to catalyze early-stage investment in
cutting-edge life science companies across its clusters.
Jenna Foger, senior vice president –
co-lead of science and technology at Alexandria Real Estate
Equities, Inc. and Alexandria Venture Investments, said, "Our
expansion into Greater Houston,
and The Woodlands in particular,
creates a unique opportunity to help bolster the ecosystem's
startup community. Through our leading strategic venture investment
and seed capital platforms, we will engage local scientists and
entrepreneurs to identify new technologies and companies for seed-
and early-stage investment and introduce those that are most
promising to our unparalleled network of biopharmaceutical industry
experts and venture advisors to accelerate innovation in
The Woodlands."
![Alexandria Center® for Advanced Technologies at The Woodlands, Greater Houston. Courtesy of Alexandria Real Estate Equities, Inc. Alexandria Center® for Advanced Technologies at The Woodlands, Greater Houston. Courtesy of Alexandria Real Estate Equities, Inc.](https://mma.prnewswire.com/media/2251596/10_19_23_ARE_Woodlands_Campus_1005_1.jpg)
![Move-in-ready, cost-effective laboratory space at the Alexandria Center® for Advanced Technologies at The Woodlands, Greater Houston. Courtesy of Alexandria Real Estate Equities, Inc. Move-in-ready, cost-effective laboratory space at the Alexandria Center® for Advanced Technologies at The Woodlands, Greater Houston. Courtesy of Alexandria Real Estate Equities, Inc.](https://mma.prnewswire.com/media/2251597/10_19_23_ARE_Woodlands_Lab_1005_2.jpg)
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. As the pioneer of the life science real estate niche since
our founding in 1994, Alexandria
is the preeminent and longest-tenured owner, operator and developer
of collaborative life science, agtech and advanced technology mega
campuses in AAA innovation cluster locations, including
Greater Boston, the San Francisco Bay Area, New York City, San
Diego, Seattle,
Maryland and Research Triangle.
Alexandria has a total market
capitalization of $30.6 billion and
an asset base in North America of
74.9 million SF as of June 30, 2023,
which includes 41.1 million RSF of operating properties and 5.3
million RSF of Class A/A+ properties undergoing construction, 9.4
million RSF of near-term and intermediate-term development and
redevelopment projects and 19.1 million SF of future development
projects. Alexandria has a
longstanding and proven track record of developing Class A/A+
properties clustered in life science, agtech and advanced
technology mega campuses that provide our innovative tenants with
highly dynamic and collaborative environments that enhance their
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, agrifoodtech, climate
innovation and technology 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 potential benefits relating to the
location of The Woodlands; the
potential impact of The Woodlands
on the discovery and development of medicines and treatments, the
workforce of Alexandria's tenants
and benefits to patients; the likelihood of continued investments
and developments by Alexandria in
Greater Houston, strategic efforts
by Alexandria in the life science
sector and Alexandria's
relationship with its tenants; and the ability of Alexandria and Alexandria Venture Investments
to bring together industry leaders to catalyze investments in the
life science sector, identify new technologies and companies and
accelerate innovation in The
Woodlands. 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.
CONTACT: Sara
Kabakoff, Senior Vice President – Chief Content Officer,
(626) 788-5578, skabakoff@are.com
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SOURCE Alexandria Real Estate Equities, Inc.