PASADENA, Calif., Nov. 12, 2012 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE), the leading owner, operator, and developer of high-quality, sustainable real estate for the broad and diverse science industry, is pleased to announce a 10-year lease transaction with Genomatica, Inc., the rising star of the industrial biotechnology sector. Genomatica has garnered such prestigious accolades as 2012 winner of the respected Wall Street Journal Technology Innovation Award in the Materials category, Number 1 in the 2012-13 "30 Hottest Companies in Renewable Chemicals and Biobased Materials" rankings by Biofuels Digest for the second consecutive year, and recipient of the top honor in green chemistry, the Environmental Protection Agency's Presidential Green Chemistry Challenge Award.
Genomatica is relocating from its existing Wateridge Summit facility to Alexandria's ARE Esplanade campus in University Town Center, where it will fully occupy an approximately 68,000-square-foot facility that Alexandria is currently redeveloping and expects to deliver in September 2013. ARE Esplanade is a one-of-a-kind, sustainable science campus that will feature a unique pedestrian esplanade, a creative eatery with organic offerings, and state-of-the-art meeting spaces for collaboration. Genomatica's decision to relocate to ARE Esplanade affirms Alexandria's leading brand, which is a direct result of its prime adjacency locations, innovative campus environments, fully-integrated regional team, unparalleled network, and operational excellence in the San Diego science cluster.
"We are extremely honored that Genomatica, a world-class industrial biotechnology company, has chosen our ARE Esplanade campus as their long-term home," said Daniel J. Ryan, Executive Vice President and Regional Market Director at Alexandria. "We are appreciative of the teamwork, passion, and de
|SOURCE Alexandria Real Estate Equities, Inc.|
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