TARRYTOWN, NY-Properties here and in other East Coast locales provided some of the highlights in biomedical office companies’ earnings reports. San Diego-based BioMed Realty Trust acquired three land parcels totaling approximately 36 acres adjacent to the company’s Landmark at Eastview campus in Tarrytown during the fourth quarter, and the San Diego-based REIT also closed on a $350 million loan for its Center for Life Science in Boston and closed on a $203 million secured loan for the company’s joint venture with a fund managed by Prudential Real Estate Investors that owns―among other properties―approximately 600,000 square feet of life science space in Cambridge, MA.

Meanwhile, Pasadena-based Alexandria Real Estate Equities entered into 15-year lease last year with Eli Lilly and Co. for 100,000 square feet as anchor tenant at the Pasadena-based REIT’s Center for Life Science in New York City. The East Coast deals, of course, are only part of the story for the two West Coast-based REITs, both of which specialize in space for biomedical firms. BioMed Realty and Alexandria both executed deals throughout the country last year, as the two REITs reported recently in their earnings highlights for 2009.

BioMed Realty increased total revenues 19.6% to $361.2 million from $302.0 million in 2008 and generated FFO for the year of $155.5 million, or $1.64 per diluted share, compared to $132.5 million, or $1.76 per diluted share, in 2008. The company last year completed the 361,000 square foot corporate headquarters and research facilities at the Landmark at Eastview campus in Tarrytown for Regeneron Pharmaceuticals Inc., including a 230,000-square-foot build-to-suit and 131,000 square feet of newly developed laboratory and office space subsequently leased to Regeneron.

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