"We are deeply grateful for Alexandria's generosity and commitment to Fred Hutch and its vital role in constructing the new Alexandria Real Estate Equities, Inc. Learning Lab," said Thomas J. Lynch Jr., MD, president and director of Fred Hutch and holder of the Raisbeck Endowed Chair. "Alexandria's support of this space will have a profound impact on our ability to advance science education and reflects our shared belief that the best way to inspire future scientists is to provide incredible mentorship and training programs in a vibrant space that brings learning to life."
The new Learning Lab provides Fred Hutch with a permanent, purpose-built space to host its scientific training programs, including those that involve hands-on experiments built around real-world scenarios in cancer diagnosis and treatment. Students will gain basic laboratory skills, such as pipetting and gel electrophoresis, while also learning about science education and careers. Over 225 high school and undergraduate students take part in scientific training programs at Fred Hutch's South Lake Union campus every year. To enrich the learning experience of future participants in Fred Hutch's science education and community partnership programs, the laboratory features modular benching, retractable screens, integrated audiovisual systems, an open central space to gather for discussions and an interior picture window that will showcase the students at work. This new environment, which is uniquely embedded within a Fred Hutch research facility, will expand the reach of the non-profit's education programs and transform its engagement with Seattle's students and community groups.
"Since 1996, Alexandria has been at the forefront of cultivating a world-class life science innovation cluster in Seattle through our acquisition and leaseback of the original Fred Hutch campus — which marked the beginning of our relationship with Fred Hutch — and our first-ever strategic venture investment in Corixa Corporation (which was acquired by GlaxoSmithKline in 2005)," said Joel S. Marcus, executive chairman and founder of Alexandria Real Estate Equities, Inc. and Alexandria Venture Investments. "By bringing together leading-edge innovation across a diverse mix of life science and technology companies, top academic and medical institutions, skilled talent and investment capital, Alexandria — with the help of collaborative organizations like Fred Hutch — has led Seattle's growth into the thriving life science ecosystem it is today. The new Alexandria Learning Lab at Fred Hutch will further bolster our ecosystem-building efforts by training and mentoring future scientific innovators in this globally recognized region."
"Fred Hutch is an important innovation engine and steward in the Seattle life science cluster, and we are honored to further strengthen our trusted relationship through our collaboration on the Alexandria Learning Lab," said Hart Cole, executive vice president of capital markets and strategic operations and co-regional market director for Seattle at Alexandria Real Estate Equities, Inc. "Our leadership in the Learning Lab at Fred Hutch demonstrates our deep commitment to supporting STEM education, cultivating the next generation of innovators and shaping the future of life science in Seattle and of human health around the world."
The Alexandria Learning Lab at Fred Hutch is an important new initiative within the company's corporate responsibility pillar of building principled leaders through education. It highlights Alexandria's highly impactful action-oriented efforts to drive educational opportunities for students and provide needed resources to develop their talents and achieve academic and career success.
About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator and developer of collaborative Megacampus™ ecosystems in AAA life science innovation cluster locations, including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle and New York City. As of March 31, 2025, Alexandria has a total market capitalization of $28.8 billion and an asset base in North America that includes 39.6 million RSF of operating properties and 4.0 million RSF of Class A/A+ properties undergoing construction. Alexandria has a longstanding and proven track record of developing Class A/A+ properties clustered in highly dynamic and collaborative Megacampus environments that enhance our tenants' 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 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 more 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 impact of the Alexandria Learning Lab and Alexandria's partnership with the Fred Hutch Cancer Center; future opportunities for participants in Fred Hutch's community programs and student collaborations; and the likelihood of continued commitment to and sponsorship of programs relating to scientific training programs and initiatives. These forward-looking statements are based on Alexandria'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 Alexandria'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 Alexandria 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 Alexandria's forward-looking statements, and risks and uncertainties to Alexandria's business in general, please refer to Alexandria'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, Senior Vice President – Chief Content Officer, (626) 788-5578, [email protected]
SOURCE Alexandria Real Estate Equities, Inc.
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