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January 25, 2019

Yale leases empty Alexion HQ space at 100 College St.

Photo | Yale University The Alexion Tower at 100 College St.
By Natalie Missakian

The 14-story Alexion Tower at 100 College St., half-vacant since the biotech company moved its headquarters to Boston last summer, has a new tenant: Yale University.

Yale Provost Ben Polak announced Thursday that the university signed a lease with building landlords Winstanley Enterprises LLC and Ventas Inc. for the remaining space in the gleaming glass tower.

Polak said the lease would help connect the university’s medical and central campuses and give Yale room to house future science initiatives outlined late last year by the University Science Strategy Committee (USCC).

Specific uses for the building will be announced later as the USSC’s 10-year science, technology, engineering and mathematics (STEM) plan for Yale is finalized, the university said.

Yale is the second new tenant to lease space in the building since the Alexion move. New Haven BIZ reported last June that medical imaging company Invicro LLC was leasing roughly 39,500 square feet in the building.

Yale said Invicro would remain on one floor in the building while Alexion will continue to use the remaining half of the 513,000-square-foot tower for its 450 New Haven research employees.

Alexion was forced to repay $26 million in economic incentives it received through former Gov. Dannel P. Malloy’s  First Five program to help it move from Cheshire to the Elm City building in early 2016.

Just 18 months after occupying the College Street facility, Alexion announced it planned to move half of its employees to Boston.

The tower is considered a centerpiece of New Haven’s Downtown Crossing urban revitalization initiative.

Yale said the lease “ensures that a significant downtown building remains fully occupied” and “strengthens New Haven’s position in the bioscience industry.”

In addition to offices and labs, the building includes an 850-space garage and a rooftop garden.

Contact Natalie Missakian at news@newhavenbiz.com

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