PASADENA, California. and CAMBRIDGE, Mass., September 30, 2021 / PRNewswire / – Alexandria Real Estate Equities, Inc. (NYSE: ARE), a municipal office REIT and the first, longest-standing, pioneering owner, operator, and developer uniquely into collaborative life science, agtech and technology campuses in the AAA innovation-focused cluster locations, Moderna announced today that the Alexandria Develop, operate and build its new corporate office and central R&D facility, the most modern 462,000 RSF property at 325 Binney Street in the Alexandria Center® at One Kendall Square Mega campus. Designed as the most sustainable laboratory building in Cambridge, this high-performance development is designed to eliminate most of the fossil fuel consumption for building heating and enable the building to operate as a commercial zero-energy laboratory facility. The building, which is aiming for LEED Platinum Core & Shell, LEED Zero Energy and Fitwel certifications, will rely on highly efficient mechanical and envelope systems, geothermal energy as the primary heat source and renewable energy on-site and off-site. The resilient design of 325 Binney Street proactively addresses climate risk by incorporating several innovative resilience measures to mitigate the potential risks associated with flood precipitation.
325 Binney Street, Cambridge, Greater Boston Area. Courtesy Alexandria Real Estate Equities, Inc.
325 Binney Street, Cambridge, Greater Boston Area. Courtesy Alexandria Real Estate Equities, Inc.
“Since 1997, Alexandria was at the top of Greater Boston area Life science ecosystem. We are very proud to be the pioneer of mission-critical life science real estate and the leading provider of this essential infrastructure in the greater Boston area – the world’s leading life science cluster – where we have strategically expanded our total asset base to approximately 15 million Square feet and uniquely positions us to both meet immediate space needs and provide a path for future growth for some of the most innovative companies in the world – like Moderna, “said Joel S. Marcus, Executive Chairman and Founder of Alexandria Real Estate Equities, Inc. and Alexandria Venture Investments. “Moderna is a great example of a highly disruptive, visionary company that has grown with it Alexandria. Shortly after founding Moderna in 2010, we identified the team and the transformative potential of its groundbreaking mRNA platform and over the past 10 years we have both invested in the company and furnished it with business-critical real estate. Today, as the world recognizes the value of Moderna’s novel science in addressing current and future healthcare challenges, we are honored to work together and support their unique needs to fulfill their mission of creating a new generation of transformative medicines for patients to accomplish.”
With unprecedented carbon reductions and health-promoting properties, Moderna’s new headquarters will support the company’s growth as it continues to advance its pipeline of mRNA drugs that leverage its paradigm-shifting mRNA technology, the platform behind its COVID-19 vaccine, the an emergency clearance from the FDA. According to the U.S. Centers for Disease Control and Prevention, approximately 151 million doses of Moderna’s COVID-19 vaccine have been administered in the U.S. The United States. The highly sustainable building will incorporate cutting-edge laboratory and high-end office space with engaging meeting rooms, walking paths and open outdoor spaces to encourage collaboration and life-changing innovation, and enable Moderna to attract and retain the best talent. Construction on the site is ongoing and the project is expected to be completed in 2023, when Moderna expects to begin a phased move-in process. In addition, its ideal location at 325 Binney Street Moderna allows for expansion close to its manufacturing center in Norwood, Massachusetts, which is also owned and operated by Alexandria.
Learn about the groundbreaking and climate-resilient design of 325 Binney Street as well as the Alexandria Social Impact Leadership in the company’s 2020 ESG report, available on the corporate responsibility page of the company’s website.
About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® Urban Office REIT, is the first, longest-running, and pioneering owner, operator, and developer with a unique focus on collaborative life science, agtech, and technology Campus in the AAA innovation cluster locations with a total market capitalization of $ 36.3 billion away June 30, 2021, and an asset base in North America of 58.1 million SF. The asset base in North America comprises 36.7 million RSF on company properties and 3.4 million RSF on class A properties under construction, 7.7 million RSF on short and medium-term development and renovation projects and 10.3 million RSF on future projects Development projects. Founded in 1994, Alexandria Pioneered in this niche and has since built a significant market presence in key locations including Greater Boston area, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland and research triangle. Alexandria has a long and proven track record of developing Class A properties, bundled into urban life science, agtech and technology campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to build world class Successfully recruiting and retaining talent and increasing productivity, efficiency, creativity and success. Alexandria also provides strategic capital for transformative life science, agtech and technology companies through our venture capital platform. We believe our unique business model and meticulous underwriting ensure a high quality and diverse tenant base that translates into higher occupancy rates, longer rental terms, higher rental income, higher returns and higher long-term investment value. For more information on Alexandria, please visit www.are.com.
Forward-Looking Statements
This press release contains “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, among other things, statements about Alexandria Sustainability Goals for the 325 Binney Street building, including a goal of net zero energy use; the expected receipt of LEED and Fitwel certifications; the expected further advancement in mRNA technology and the effectiveness of Moderna’s COVID-19 vaccine; and the impact of the new headquarters on Moderna’s continued growth. These forward-looking statements are based on the company’s current intentions, beliefs, or expectations, but forward-looking statements are not guaranteed and will not occur. Actual results could differ materially from those contained or implied in the company’s forward-looking statements due to a variety of factors including, but not limited to the risks and uncertainties disclosed in filings with the Securities and Exchange Commission . All forward-looking statements speak as of the date of this press release and the company assumes no obligation to update this information. For more information about risks and uncertainties that could cause actual results to differ materially from those anticipated in the company’s forward-looking statements, as well as risks and uncertainties affecting the company’s business in general, please refer to the company’s filings with the Securities and Markets Exchange Commission, including the most recent annual report on Form 10-K and any subsequent quarterly reports on Form 10-Q.
CONTACT: Sara Kabakoff, Vice President Communications, (626) 788-5578, [email protected]
SOURCE Alexandria Real Estate Equities, Inc.
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http://www.are.com
source https://www.bisayanews.com/2021/09/30/alexandria-real-estate-equities-inc-deepens-and-expands-strategic-relationship-with-moderna-for-new-462000-rsf-hq-and-rd-facility-at-325-binney-street-designed-to-be-the-most-sustainable-laborato/
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