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BioMed Realty Trust Reports Fourth Quarter and Full-Year 2009 Financial Results
Date:2/10/2010

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During the quarter ended December 31, 2009, the company executed 17 leasing transactions representing approximately 589,000 square feet, comprised of:

  • Eleven new leases totaling approximately 326,000 square feet, including:
    • an 80,000 square foot lease with the Broad Institute at the company's joint venture property with PREI® at 301 Binney Street in Cambridge, Massachusetts;
    • a 131,000 square foot lease with Regeneron Pharmaceuticals of newly developed laboratory and office space at The Landmark at Eastview campus; and
    • a 63,000 square foot lease with Progenics Pharmaceuticals at The Landmark.
  • Six leases amended to extend their terms, totaling approximately 263,000 square feet, including:
    • an 86,000 square foot lease extension with Progenics Pharmaceuticals at The Landmark;
    • a 64,000 square foot lease extension with Momentive Performance Materials USA Inc. at The Landmark;
    • a 73,000 square foot lease extension with Quidel Corporation at the McKellar Court property in San Diego, California; and
    • a 16,000 square foot lease extension with the General Services Administration at the Balboa Avenue property in San Diego.

During 2009, the company executed 58 leasing transactions representing over 1.5 million square feet, including 42 new leases totaling approximately 904,000 square feet and 16 leases amended to extend their terms, totaling approximately 625,000 square feet. Including leasing activity in the fourth quarter of 2008, the company executed 1.7 million square feet of gross leasing transactions, approximately 172% of its original five-quarter goal of 1.0 million square feet provided
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SOURCE BioMed Realty Trust, Inc.
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