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Alexandria Real Estate Equities, Inc., has signed a deal with Eli Lilly and Company for a 334,000-square-foot lease at 15 Necco Street in the Seaport Innovation District of Boston

Alexandria, Eli Lilly Agree on Lease for Institute for Genetic Medicine in Boston

Alexandria Real Estate Equities, Inc., has signed a deal with Eli Lilly and Company for a 334,000-square-foot, long-term lease at 15 Necco Street in the Seaport Innovation District life science submarket of Boston.

The space will house Lilly’s new state-of-the-art Institute for Genetic Medicine. Lilly has also leased 36,000 square feet at 215 First Street, owned and operated by Alexandria, to support the scale-up of the institute ahead of anticipated occupancy at 15 Necco in 2024.

For more than a decade, Alexandria has provided Lilly with long-term real estate solutions that currently aggregate over 600,000 square feet on campuses across the San Diego, San Francisco Bay Area and New York City cluster locations.

Alexandria has a life-science asset base of approximately 18 million square feet in the Boston area.

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Alexandria Real Estate Equities, Inc.

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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