Skip Ribbon Commands
Skip to main content

News release

BOSTON, MA

Alexandria Appoints Jones Lang LaSalle Agent at Preston Court and Wiggins Ave. Properties


BOSTON, Sept. 22, 2011 – Alexandria Real Estate Equities, Inc., Landlord of Choice to the Life Science Industry®, has named Jones Lang LaSalle leasing agent for their properties at Preston Court and on Wiggins Avenue in Bedford, MA. This state-of-the-art life science and technology park is comprised of four buildings with flexible infrastructure to accommodate modern laboratory or high-tech research and development space totaling nearly 171,000 square feet.
 
Jones Lang LaSalle is assisting Alexandria Real Estate Equities with plans for significant capital improvements, and select marketing efforts. 3 Preston Court has recently undergone renovations which feature a striking glass and metal entry, modern lobby, and complete lab ready base building infrastructure. Alexandria has also completed two spec lab suites of approximately 7,000 square feet each on the first floor. The entire 32,029 square foot two-story lab/R&D and office building is available for lease.
 
The 54,000 square foot single-story facility at 6-8 Preston Court was completely renovated in 2002. It has a split block and glass curtain wall facade, high performance infrastructure, and an advanced waste water management system. The property offers spaces from 8,700 to 40,000 square feet.
 
This dynamic park is strategically positioned in Greater Boston’s Bedford to Waltham life science cluster on the Lexington/Bedford line. The buildings are located off of Hartwell Avenue at the Route 128 and Route 4/225 interchange.
 
Some of the many technology firms that have chosen this area to locate their office and laboratory facilities are Life Tech, Synta Pharmaceuticals, Avila Therapeutics, Millipore, Toxicon, TIAX, Diversified Technologies, Raindance, Anika, Microbia, and QD Vision.
 
“We are pleased to select Jones Lang LaSalle for this important project. Their team offered us a range of services to draw from as we reposition and upgrade our properties in this Lexington-Bedford area,” said Dan Cordeau, Vice President of Leasing at Alexandria.
 
According to Jones Lang LaSalle Managing Director Tamie Thompson, “We are very excited to be working with Alexandria’s expert team. Our history of leasing in life science hubs and award winning in-house marketing capability, coupled with their world-class life science real estate development and operations expertise, will ensure a successful leasing program.”
 
About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc., Landlord of Choice to the Life Science Industry®, is the largest REIT focused principally on providing high-quality real estate for the life science industry. Since 1994, Alexandria has created first-in-class life science clusters that foster innovative and collaborative environments in key locations immediately proximate to leading research institutions. Alexandria’s broad and diverse tenant base includes internationally renowned academic and medical institutions, multinational pharmaceutical companies, leading private and public biotechnology entities, non-profit institutions, government agencies, medical device companies, biofuels companies, research tools and service companies, and venture capitalists. Located in the top life science markets around the globe, Alexandria’s world-class properties, highly specialized operations, and expansive network assist the life science industry in translating promising discoveries into important, safe, and effective products that benefit humankind.
 
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $45.3 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.