Exelixis Inc., an Alameda, California, biotechnology company, is in negotiations with Brandywine Realty Trust to have the real estate company develop a new 200,000- to 250,000-square-foot building in King of Prussia. 

The complex would be constructed at 650 and 651 Park Ave. Half of the space would be offices while the other half would be labs.

Exelixis (NASDAQ: EXEL) anticipates more than 600 employees to eventually work from the Park Avenue complex. The biotech company said that an agreement with Brandywine had yet to be reached on the development and that the timing and planning for it is underway. 

*Article courtesy of Philadelphia Business Journal

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