Alexandria Real Estate Equities, Inc. Wins Its First International TOBY (The Outstanding Building of the Year) Award in Life Science Category for 8 Davis Drive Anchoring the Alexandria Center for Advanced Technologies Megacampus in Research Triangle

PASADENA, Calif., July 17, 2025 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative Megacampus^™ ecosystems in AAA life science innovation cluster locations, today announced it has been honored with the 2025 International TOBY (The Outstanding Building of the Year) Award in the Life Science category for 8 Davis Drive on the Alexandria Center^® for Advanced Technologies Megacampus in Research Triangle. The TOBY Awards, administered by BOMA (Building Owners and Managers Association), are the commercial real estate industry's highest recognition honoring excellence in building management and operations. Following local and regional recognition and a competitive judging process, 8 Davis Drive was awarded the International TOBY in the recently introduced Life Science category from among four global finalists, including two additional Alexandria properties — 201 Haskins Way in the San Francisco Bay Area and 188 East Blaine Street in Seattle. The prestigious award marks Alexandria's first international TOBY win, a milestone that underscores the company's long-standing track record in design, placemaking, operational excellence and innovation.

"We are incredibly honored to receive our first-ever International TOBY for 8 Davis Drive in Research Triangle, where we have been at the vanguard of growing and shaping a vibrant and impactful innovation ecosystem since 1998," said Joel S. Marcus, executive chairman and founder of Alexandria Real Estate Equities, Inc. and Alexandria Venture Investments. "In 2012, we acquired a 50-acre site from The Hamner Institute for Health Sciences, named for Dr. Charles Hamner, the 'Father of North Carolina's Life Sciences,' with the vision to bring a new advanced technologies campus to the cluster. Over the past decade, we have transformed this site into a dynamic Megacampus distinguished by its stellar design and curated placemaking, creating a vital hub within the Research Triangle ecosystem."

8 Davis Drive is situated in the heart of the Alexandria Center^® for Advanced Technologies Megacampus, a best-in-class multi-tenant ecosystem for R&D, biomanufacturing, and next-generation scientific and technological innovation. Home to a diverse mix of entities advancing complex modalities such as cell and gene therapy and radiopharmaceuticals, the campus is thoughtfully designed to enhance innovation and enable its tenants to attract and retain the brightest talent. Its uniquely amenity-rich ecosystem features a locally sourced eatery, a high-performance fitness and wellness center, a sophisticated event and conference center with world-class hospitality, and a beautifully landscaped central courtyard. The Megacampus's prime location offers convenient access to Interstate 40 and Raleigh-Durham International Airport, as well as critical adjacency to the region's renowned academic institutions — Duke University, the University of North Carolina and North Carolina State University. Designed for scalability and flexibility, it provides a robust ecosystem that offers leading companies a path for growth.

"At Alexandria, we are relentless in designing and operating high-quality laboratory and advanced technology infrastructure and collaborative Megacampus environments that optimize tenant productivity and empower their talent to thrive," said Blake Stevens, senior vice president and Research Triangle regional market director of Alexandria Real Estate Equities, Inc. "This important recognition from BOMA reflects our team's exceptional service and our success in cultivating a forward-thinking, community-driven Megacampus, where our tenants are working to solve disease in premature infants, diagnose cancer earlier, create new medicines to preserve and restore sight, and harness advanced technologies to improve the human condition."

Read more at prnewswire.com