The new rigorous, evidence-based Fitwel Life
Science Scorecard — developed in partnership with the Center
for Active Design exclusively for Alexandria — is the first
healthy building framework dedicated to laboratory facilities,
marking another pioneering effort by the company to prioritize
tenant health and wellness and further differentiate its
world-class laboratory buildings
PASADENA, Calif., March 15, 2022 /PRNewswire/ -- Alexandria
Real Estate Equities, Inc. (NYSE: ARE), an urban office REIT and
the first, longest-tenured and pioneering owner, operator and
developer uniquely focused on collaborative life science,
agtech and technology campuses in AAA innovation cluster locations,
today announced that 300 Technology Square, a state-of-the-art
laboratory facility on its Alexandria Technology Square®
mega campus in Cambridge, has been
recognized by the Center for Active Design (CfAD), the operator of
Fitwel® — the world's leading healthy building
certification system — as the first-ever space to achieve a Fitwel
Life Science certification. At 300 Technology Square, Alexandria employs several evidence-based
design and operational strategies that support the physical, mental
and social health of its occupants, including best practice life
science safety and cleaning protocols, access to green space,
public transit amenities and shuttle services and a campus-wide
communications program.
Developed in strategic partnership with CfAD exclusively for
Alexandria, the Fitwel Life
Science Scorecard is the first evidence-based healthy building
framework tailored to requirements of the complex infrastructure
and protocols for laboratory facilities. This proprietary scorecard
reflects Alexandria's pioneering
work in incorporating wellness features as an integral part of the
design, construction and operations of its mission-critical
laboratory facilities and campuses. The Fitwel Life Science
Scorecard covers a range of key areas that promote occupant health
and safety exclusively at Alexandria's world-class laboratory buildings,
including indoor air quality, enhanced cleaning protocols and green
practices, emergency preparedness, safety training, access to
healthy food options, natural daylight and outdoor space and the
promotion of active commuting.
"We applaud Alexandria for
their continued leadership in prioritizing and elevating the
health, well-being and productivity of their broad and innovative
tenant base and for their employees through their design and
operations practices," said Joanna
Frank, president and chief executive officer at CfAD.
"Alexandria has been a tremendous
partner to Fitwel since its launch in 2017. We created this
scorecard with Alexandria as a
tool for their use to measure their company-wide best practices
against the global health evidence base."
As a founding member of Fitwel's Leadership Advisory Board,
Alexandria continues to strive
toward higher industry standards for tenant health, wellness and
safety. With its long-tenured scientific expertise and experience
in operating, maintaining and advancing highly complex laboratory
infrastructure, Alexandria enables
the critical research, development, manufacturing and
commercialization efforts of the most innovative life science
companies in the world. Fitwel's recognition of 300 Technology
Square marks the latest of Alexandria's numerous Fitwel firsts, including
the first REIT to be named a First-in-Class Fitwel Champion, the
first company to earn a Fitwel certification, the first to be
recognized as the Industry Leading Company in the Best in Building
Health™ Awards, the first back-to-back winner of the
Fitwel Impact Award and the first to attain a Fitwel Viral Response
Certification with Distinction.
"We are proud that Fitwel continues to recognize Alexandria for our operational excellence in
providing healthier, safer and more sustainable environments for
our tenants who work, day in and day out, to address massive unmet
medical need," said Dean A.
Shigenaga, president and chief financial officer of
Alexandria Real Estate Equities, Inc. "This milestone collaboration
further affirms our leadership in promoting the health and wellness
of our tenants and our unsurpassed laboratory expertise. We remain
committed to leveraging Fitwel's proven research-based
certification frameworks to keep our robust laboratory
infrastructure at the cutting edge of healthy building strategies
and to help us anticipate the future needs of our tenants, who are
increasingly seeking holistically healthy environments for their
growing teams."
Alexandria is actively pursuing
additional Fitwel Life Science certifications and other healthy
building certifications across its 67 million square foot asset
base in North America. Through its
collaboration and alignment with leading certification bodies, the
company continues to enhance its leading practices to support its
tenants' health, safety, productivity and wellness, which are key
to enabling the translation of groundbreaking discoveries into
life-changing and lifesaving medicines for patients.
About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P
500® urban office REIT, is the first, longest-tenured
and pioneering owner, operator and developer uniquely focused on
collaborative life science, agtech and technology campuses in AAA
innovation cluster locations, with a total market capitalization of
$44.0 billion as of December 31, 2021, and an asset base in
North America of 67.0 million SF.
The asset base in North America
includes 38.8 million RSF of operating properties and 4.8 million
RSF of Class A properties undergoing construction, 8.7 million RSF
of near-term and intermediate-term development and redevelopment
projects and 14.7 million SF of future development projects.
Founded in 1994, Alexandria
pioneered this niche and has since established a significant market
presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San
Diego, Seattle,
Maryland and Research Triangle.
Alexandria has a longstanding and
proven track record of developing Class A properties clustered in
urban life science, agtech and technology campuses that provide our
innovative tenants with highly dynamic and collaborative
environments that enhance their ability to successfully recruit and
retain world-class talent and inspire productivity, efficiency,
creativity and success. Alexandria
also provides strategic capital to transformative life science,
agtech and technology companies through our venture capital
platform. We believe our unique business model and diligent
underwriting ensure a high-quality and diverse tenant base that
results in higher occupancy levels, longer lease terms, higher
rental income, higher returns and greater long-term asset value.
For additional information on Alexandria, please visit www.are.com.
Forward-Looking Statements
This press release includes "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, without
limitation, statements regarding the potential impacts of the
certification by and/or collaboration with Fitwel on patient
health; the real estate and life science industries; tenant health,
wellness and safety; and Alexandria's business, strategies and
operations. These forward-looking statements are based on the
Company's present intent, beliefs or expectations, but
forward-looking statements are not guaranteed to occur and may not
occur. Actual results may differ materially from those contained in
or implied by the Company's forward-looking statements as a result
of a variety of factors, including, without limitation, the risks
and uncertainties detailed in its filings with the Securities and
Exchange Commission. All forward-looking statements are made as of
the date of this press release, and the Company assumes no
obligation to update this information. For more discussion relating
to risks and uncertainties that could cause actual results to
differ materially from those anticipated in the Company's
forward-looking statements, and risks and uncertainties to the
Company's business in general, please refer to the Company's
filings with the Securities and Exchange Commission, including its
most recent annual report on Form 10-K and any subsequently filed
quarterly reports on Form 10-Q.
CONTACT: Sara
Kabakoff, Vice President – Communications,
(626) 788–5578, skabakoff@are.com
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SOURCE Alexandria Real Estate Equities, Inc.