Item 2. Properties

3K characters. Original on sec.gov · Markdown

Item 2. Properties

Below is a summary of our owned and leased properties as of December 31, 2016.

Massachusetts

In Cambridge, Massachusetts, we own approximately 508,000 square feet of real estate space, consisting of a building that houses a research laboratory and a cogeneration plant totaling approximately 263,000 square feet and a building that contains research, development and quality laboratories which total approximately 245,000 square feet.

In addition, we lease a total of approximately 1,250,000 square feet in Massachusetts, which is summarized as follows:


•	893,000 square feet in Cambridge, Massachusetts, which is comprised of a 67,000 square foot biologics manufacturing facility, which is subleased by Brammer, and 826,000 square feet for our corporate headquarters, laboratory and additional office space; and


•	357,000 square feet of office space in Weston, Massachusetts, of which 175,000 square feet has been subleased through the remaining term of our lease agreement.

Our Massachusetts lease agreements expire at various dates through the year 2028.

North Carolina

In RTP, North Carolina, we own approximately 834,000 square feet of real estate space, which is summarized as follows:


•	357,000 square feet of laboratory and office space;


•	175,000 square feet related to a large-scale biologics manufacturing facility;


•	105,000 square feet related to a biologics manufacturing facility;


•	84,000 square feet of warehouse space and utilities;


•	70,000 square feet related to a parenteral fill-finish facility; and


•	43,000 square feet related to a large-scale purification facility.

In addition, we lease 188,000 square feet of a facility in RTP, North Carolina from Eisai to manufacture our and Eisai's oral solid dose products and 40,000 square feet of warehouse space in Durham, North Carolina.

Denmark

We own a large-scale biologics manufacturing facility totaling approximately 228,000 square feet located in Hillerød, Denmark.

We also own approximately 306,000 square feet of additional space, which is summarized as follows:


•	139,000 square feet of warehouse, utilities and support space;


•	70,000 square feet related to a label and packaging facility;


•	50,000 square feet related to a laboratory facility; and


•	47,000 square feet of administrative space.

Switzerland

In December 2015 we acquired land in Solothurn, Switzerland where we are building a biologics manufacturing facility in the Commune of Luterbach over the next several years.

Other International

We lease office space in Zug, Switzerland, our international headquarters, the U.K., Germany, France, Denmark and numerous other countries. Our international lease agreements expire at various dates through the year 2028.

Previous: Item 1B. Unresolved Staff Comments · Next: Item 3. Legal Proceedings