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Alexandria Real Estate Honored with 2025 International TOBY Award in Life Science Category.
ByAinvest
Thursday, Jul 17, 2025 8:33 am ET1min read
Alexandria Real Estate Equities has been honored with the 2025 International TOBY Award in the Life Science category for 8 Davis Drive on the Alexandria Center for Advanced Technologies Megacampus in Research Triangle. The TOBY Awards recognize excellence in building management and operations. 8 Davis Drive was awarded the International TOBY from among four global finalists.
Alexandria Real Estate Equities, Inc. (NYSE: ARE) has been honored with the 2025 International TOBY 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), recognize excellence in building management and operations. 8 Davis Drive was awarded the International TOBY from among four global finalists.The winning property is part of a 50-acre site acquired in 2012, which has been transformed into a multi-tenant ecosystem for R&D and biomanufacturing. The campus features amenities including a locally sourced eatery, fitness center, event space, and central courtyard. Alexandria is currently the largest owner and operator in Research Triangle Park, with a regional asset base exceeding 3.8 million RSF serving approximately 100 tenants.
"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.
Alexandria Real Estate Equities has a long-standing track record in design, placemaking, operational excellence, and innovation. The company is the preeminent and longest-tenured owner, operator, and developer of collaborative Megacampus™ ecosystems in AAA life science innovation cluster locations. As of June 30, 2025, Alexandria has a total market capitalization of $25.7 billion and an asset base in North America that includes 39.7 million RSF of operating properties and 4.4 million RSF of Class A/A+ properties undergoing construction [1].
The Alexandria Center for Advanced Technologies Megacampus – Research Triangle and Alexandria's two additional world-class Megacampus ecosystems compose the epicenter of innovation for life science and advanced technologies in this important cluster. Alexandria continues to lead the way in shaping the future of human health in the Triangle.
References:
[1] https://www.prnewswire.com/news-releases/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-i-302507392.html
[2] https://www.stocktitan.net/news/ARE/alexandria-real-estate-equities-inc-wins-its-first-international-j9k40en8vy4t.html
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