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Alexandria Real Estate Equities, Inc. Executes 15-Year Lease Extension with NIH for 60,000 RSF of Mission-Critical Space at Alexandria's 9800 Medical Center Drive Campus in Shady Grove Life Sciences Center
Date:10/24/2013

80% of the NIH's 135,000 RSF, the majority for the NCATS' Division of Pre-Clinical Innovation. The NCATS' Division of Pre-Clinical Innovation advances collaborative research projects across the pre-clinical phases of the translational science spectrum. The largest project in this division is the Therapeutics for Rare and Neglected Diseases (TRND) program, which aims to encourage and speed the development of new drugs for rare and neglected diseases through collaborations among NIH and academic scientists, nonprofit organizations, and pharmaceutical and biotechnology companies.

 "We are privileged to have a longstanding and trusted relationship with the NIH," said Joel S. Marcus, Chairman, Chief Executive Officer and Founder of Alexandria. "NCATS is a highly innovative initiative designed to catalyze the development of novel, breakthrough basic and translational research and we are proud that the NIH has chosen our world-class campus for its home."

In addition to the NIH, Alexandria's 9800 Medical Center Drive campus also houses high-quality client tenants including Canon U.S. Life Sciences, Inc., Institute Merieux, Sanaria Inc., Sigma-Aldrich Corporation, and the Stanley Medical Research Institute.

About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), a self-administered and self-managed investment-grade real estate investment trust ("REIT"), is the largest and leading REIT focused principally on owning, operating, developing, redeveloping and acquiring high-quality, sustainable real estate for the broad and diverse life science industry. Founded in 1994, Alexandria was the first REIT to identify and pursue the laboratory niche and has since had the first-mover advantage in the core life science cluster locati
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SOURCE Alexandria Real Estate Equities, Inc.
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