SOURCE: Industrial Info Resources

Industrial Info Resources

December 09, 2010 05:10 ET

Alexandria RE Equities Finishes Decking the Halls of $500 Million Center for Life Science-New York City, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - December 9, 2010) - Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- Everyone likes a gift that keeps on giving, and that is what New York City is hoping the newly completed Alexandria Center for Life Science will turn out to be. Developed by Alexandria Real Estate Equities Incorporated (NYSE:ARE) (Pasadena, California), the $500 million project is the first phase a life science park specifically designed to foster scientific, entrepreneurial and commercial collaboration.

In a coup for the city, cancer drug company Imclone Systems, a division of Eli Lilly & Company (NYSE:LLY) (Indianapolis, Indiana), snapped up 90,000 square feet of space in the center to house its new headquarters and research space.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=170392, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to pharmabiogroup@industrialinfo.com or visit us at www.industrialinfo.com.

Follow us on: Facebook - Twitter - LinkedIn - Vimeo