LaunchLabs at Stanford Research Park to Open by Mid-2021

The building at 3160 Porter Dr. will be a life science incubator and small lab suites (credit: Vantage Point Photo).

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STANFORD, CA—Alexandria Real Estate Equities Inc. acquired 3160 Porter Dr., a 92,000 rentable square feet redevelopment project in Stanford Research Park, for $26 million. Alexandria was selected by Stanford University to transform 3160 Porter Dr. into an innovation center to foster the growth of early- and growth-stage life science companies, and enable the discovery and development of new treatments and cures that will positively impact human health.

To enhance the long-term vision of placing a bioscience community near its campus, Stanford University is working to shape part of Stanford Research Park into a life science district focused on fast-growing sectors such as bioengineering, gene therapies, diagnostics, medical technology and devices, surgical robotics, and digital health. 3160 Porter Dr. is a key component of this effort, according to Stanford News. The building will serve as the flagship anchor of an emerging life science district focused on bioengineering, gene therapies, diagnostics, medical technologies and devices, surgical robotics and digital health. This anchor position is located within the greater Stanford innovation cluster and in close proximity to the Stanford University campus, renowned hospitals and a diverse mix of innovative companies.