Alexandria Real Estate Announces Major Life Science Lease in San Diego at Campus Point
Alexandria Real Estate Sets New Benchmark with Major Lease in San Diego
Alexandria Real Estate Equities, Inc., a recognized leader in life sciences real estate, has marked a significant milestone by securing a 16-year lease with a leading multinational pharmaceutical tenant for a build-to-suit research facility covering 466,598 square feet at its Campus Point Megacampus in San Diego. This lease, considered the largest in the company’s illustrious 31-year history, underscores the rising demand for state-of-the-art life science workspaces in one of California's most prized innovation hubs.
The Significance of Campus Point
Campus Point, a premier location for life science innovation, is known for its collaborative environment that fosters groundbreaking research and development. Daniel J. Ryan, Co-president and San Diego Regional Market Director of Alexandria, noted the site's strategic importance and the trust built with tenants over the years.