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, 2018.

Massachusetts

In Cambridge, MA, 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 totaling approximately 245,000 square feet.

In addition, we lease a total of approximately 1,157,000 square feet in Massachusetts, which is summarized as follows:


•	800,000 square feet in Cambridge, MA, which is comprised of offices for our corporate headquarters, and other administrative and development functions and laboratories, of which 289,000 square feet is subleased by multiple companies for general office space, laboratories and manufacturing facilities; and


•	357,000 square feet of office space in Weston, MA, of which 174,000 square feet is 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, NC, we own approximately 1,022,000 square feet of real estate space, which is summarized as follows:


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


•	188,000 square foot multi-purpose facility, including an ASO manufacturing suite and administrative space;


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


•	105,000 square feet related to a small-scale 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 own approximately 40,000 square feet of warehouse space in Durham, NC.

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.

In addition, we lease approximately 26,000 square feet of administrative space in Hillerød, Denmark.

Switzerland

We are building a large-scale biologics manufacturing facility in Solothurn, Switzerland. We expect this facility to be operational by the end of 2020. Upon completion, the facility will include 393,000 square feet related to a large-scale biologics manufacturing facility, 290,000 square feet of warehouse, utilities and support space and 51,000 square feet of administrative space.

Other International

We lease office space in Baar, Switzerland, our international headquarters; Zug, Switzerland; 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