#United States #San Diego #Bristol Myers Squibb #Alexandria Real Estate #Campus Point

Alexandria Real Estate Equities Announces New R&D Hub for Bristol Myers Squibb

Alexandria Real Estate Equities, Inc. (NYSE: ARE), a leading REIT specialized in life sciences, has successfully delivered a state-of-the-art Research & Development hub totaling 427,000 rentable square feet (RSF). This facility is designed for Bristol Myers Squibb (BMS) and strategically located at the Campus Point by Alexandria Megacampus™ in San Diego, California.

Since its inception, Alexandria has established a robust partnership with BMS, and this new hub underscores that relationship as BMS serves as an anchor tenant at Campus Point. This partnership, which began in 1998, has allowed both entities to thrive in a highly collaborative life sciences environment.

Campus Point: A New Benchmark in Life Science

The Campus Point site is not just any development; it is a testament to Alexandria's pioneering role in the creation of Megacampus ecosystems—spaces designed to nurture innovation and collaboration among various life science entities. With 95.4% occupancy as of March 31, 2026, the campus covers 2.9 million RSF and integrates multiple advanced facilities, including 1.3 million RSF of actively operational properties and 0.9 million RSF under construction.

Bret Gossett, Alexandria's Executive Vice President, expressed pride in continuing the decades-long partnership with BMS: "Campus Point is vibrant with a range of innovative companies. It is pivotal for entities to have the flexibility to expand within the same ecosystem, fostering an environment ripe for retaining top talent and generating life-changing healthcare solutions."

A Dynamic Life Science Cluster in San Diego

San Diego has emerged as one of the key life science and advanced technology hubs in the United States. Alexandria’s vision is to harness and unify critical components of success—location, innovation, talent, and capital. Currently, the San Diego region comprises 6.2 million RSF of operational assets and 0.9 million RSF in active development, showcasing its dynamic and rapidly growing landscape.

The strategic location of Campus Point is particularly beneficial, situated in The Miracle Mile of Medicine™. It boasts proximity to world-renowned institutions such as the Salk Institute, Scripps Research, and the University of California, San Diego. This enables direct access to premier scientific research and a highly skilled talent pool, fostering further collaboration and innovation in the life sciences sector.

Features of the New R&D Hub

Designed with cutting-edge architecture and impactful amenities, the new R&D hub will include:

• - Walking paths and recreational areas
• - A retail breezeway
• - A community farm and market
• - Facilities for pickball, athletic fields, and fitness spaces
• - Event and conference spaces as well as eateries, including a destination restaurant

These features aim to enhance the work-life balance of employees, encouraging creativity and collaboration among tenants.

Alexandria Real Estate Equities, Inc.: A Pioneer in Life Sciences

Founded in 1994, Alexandria Real Estate Equities focuses on life science real estate and has continually set standards in this niche market. As the preeminent owner and developer of collaborative Megacampus ecosystems, the company currently holds a market capitalization of $20.44 billion and manages about 35.8 million RSF of properties across North America, including key innovation hubs in places such as Greater Boston, San Francisco, Seattle, and New York City.

By merging innovative design with strategic capital, Alexandria has built a reputation for creating competitive environments that allow companies like BMS to fulfill their potential. This innovative approach not only ensures a diverse tenant base but also optimal returns in terms of occupancy, rental income, and long-term asset value.

For more information, visit Alexandria Real Estate.