Alexandria Real Estate Equities Wins First International TOBY Award in Life Science Category for 8 Davis Drive

Alexandria Real Estate Equities has won its first international TOBY award for 8 Davis Drive, a life science building on the Alexandria Center for Advanced Technologies Megacampus in Research Triangle. The TOBY Awards recognize excellence in building management and operations. Alexandria's first international TOBY win underscores its long-standing track record in design, placemaking, operational excellence, and innovation.

Alexandria Real Estate Equities (NYSE:ARE) has achieved a significant milestone in the commercial real estate industry by winning its first International TOBY Award for 8 Davis Drive, a life science building located on the Alexandria Center for Advanced Technologies Megacampus in Research Triangle. The TOBY Awards, presented by the Building Owners and Managers Association (BOMA) International, recognize excellence in building management and operations, making this win a testament to Alexandria's commitment to operational excellence and innovation [1].

8 Davis Drive, part of a 50-acre site acquired in 2012, has been transformed into a multi-tenant ecosystem for R&D and biomanufacturing. The campus features amenities such as a locally sourced eatery, fitness center, event space, and a central courtyard, reflecting Alexandria's dedication to creating a supportive and productive environment for its tenants. The property's win in the Life Science category underscores its role as a hub for advanced technologies and life sciences, further solidifying Alexandria's position as the largest owner and operator in Research Triangle Park [2].

This award is a notable achievement for Alexandria Real Estate Equities, which has a regional asset base exceeding 3.8 million RSF serving approximately 100 tenants. The win highlights the company's long-standing track record in design, placemaking, operational excellence, and innovation, qualities that are essential in the competitive commercial real estate market [3].

The TOBY Awards are the highest recognition in the commercial real estate industry, with properties competing in various categories based on building size or type. The winners are selected based on criteria including community impact, tenant and employee relations programs, energy management, accessibility, emergency evacuation procedures, building personnel training programs, and overall excellence. Building inspections are carried out by a team of industry experts to ensure the highest standards are met [1].

Alexandria's win in the Life Science category is a significant milestone, reflecting the company's dedication to creating exceptional spaces that meet the unique needs of its tenants. As the commercial real estate industry continues to evolve, awards like the TOBY serve as a benchmark for excellence, setting a high standard for property management and operations [2].

References:

[1] https://finance.yahoo.com/news/boma-international-tobys-award-winning-154000984.html
[2] https://www.stocktitan.net/news/ARE/alexandria-real-estate-equities-inc-wins-its-first-international-j9k40en8vy4t.html
[3] https://www.prweb.com/releases/boma-international-tobys-award-winning-properties-honored-in-boston-302502408.html