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Alexandria (ARE) securing a new long-term lease with a longstanding credit tenant at Sorrento Mesa submarket highlights the healthy demand for its mega campus in San Diego.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative life science mega campuses in AAA innovation cluster locations, today announced that a top 20 pharmaceutical company and longstanding credit tenant has increased its San Diego footprint by nearly 53% with the execution of a 10-year lease for 127,382 RSF, with significant expansion options, for a new R&D center at 10075 Barnes Canyon Road on the S
Alexandria (ARE) is likely to benefit from the solid demand for top-quality life science assets in key markets. However, a vast development outlay amid high interest rates is concerning.