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BioMed Realty Trust Breaks Ground on 176,000 Square Foot R&D Facility for Isis Pharmaceuticals in Carlsbad, California
Date:6/1/2010

SAN DIEGO, June 1 /PRNewswire-FirstCall/ -- BioMed Realty Trust, Inc. (NYSE: BMR) today announced that it broke ground on the new 176,000 square foot, state-of-the-art research facility for Isis Pharmaceuticals, Inc. in Carlsbad, California. Employees from both companies gathered for the groundbreaking ceremony at the Carlsbad Oaks North Business Park site. The new facility will increase BioMed's total leased space with Isis to approximately 204,700 square feet. Upon completion of construction, Isis will lease the new building for a 20-year term and consolidate the majority of its operations in the new facility.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20091005/BIOMEDLOGO )

Commenting on the new facility, Dr. Stanley T. Crooke, Chairman and Chief Executive Officer of Isis Pharmaceuticals, said, "This state-of-the-art facility will consolidate the majority of our operations into a single facility that will foster our collaborative approach to drug discovery and development. We are pleased to be celebrating this construction milestone with BioMed, our real estate partner since 2005, and civic leaders from the City of Carlsbad, our corporate home."

"Cultivating the life science industry has had a long-term, positive impact on our community, especially in terms of economic development and local jobs," said Claude A. "Bud" Lewis, mayor of '/>"/>

SOURCE BioMed Realty Trust, Inc.
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