Business
Alexandria Real Estate Equities, Inc. Executes Largest Life Science Lease in Company History With Longtime Multinational Pharmaceutical Tenant for a 466,598 RSF Build-to-Suit Research Hub at the Campus Point Megacampus in San Diego
Alexandria Real Estate Equities, Inc. (NYSE: ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative Megacampus™ ecosystems in AAA life science innovation cluster locations, today announced that it has executed a 16-year lease with a longtime multinational pharmaceutical tenant for a 466,598 RSF build-to-suit research hub on the Campus Point by Alexandria Megacampus in the University Town Center submarket of San Diego. This milestone — the large
About this update from Alexandria Real Estate Equities, Inc.
[{"type":"text","content":"PASADENA, Calif., July 14, 2025 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative Megacampus™ ecosystems in AAA life science innovation cluster locations, today announced that it has executed a 16-year lease with a longtime multinational pharmaceutical tenant for a 466,598 RSF build-to-suit research hub on the Campus Point by Alexandria Megacampus in the University Town Center submarket of San Diego. This milestone — the largest life science lease in Alexandria's 31-year history — underscores the uniquely targeted demand for Alexandria's leading destination for life science innovation in San Diego.","length":736,"tagName":"p"},{"type":"text","content":""Campus Point is a crown jewel of Alexandria's Megacampus platform, and we are honored that one of our long-standing, highly innovative tenants has selected it as the site for a new R&D hub," said Daniel J. Ryan, co-president and San Diego regional market director. "Our brand is built on trust — and that is reflected in our commitment to collaboration, consistency and reliability. Every detail of this generational campus has been intentionally crafted to enhance innovation, foster meaningful connection among a growing community of 3,000 professionals and empower them to create life-changing medicines to improve human health and quality of life."","length":681,"tagName":"p"},{"type":"text","content":"Alexandria pioneered life science real estate with its founding and first acquisition in San Diego in 1994. Since acquiring its first Campus Point property in 2010, the company has been methodically aggregating, designing, entitling, developing and transforming assets to create an irreplicable Megacampus ecosystem with a strong and diverse tenant base, driving high-quality long-term cash flows. As of June 30, 2025, Campus Point consists of 1.3 million RSF in operation and is 98.8% occupied. With approximately 1.3 million RSF of additional future development and redevelopment opportunities, this Megacampus has the potential to encompass approximately 2.6 million RSF, representing an increase of 420% in its scale from initial acquisition. The campus is positioned to provide tenants with critical expansion space and an elevated...