Alexandria Real Estate Equities has signed a 427,000-square-foot lease agreement with global biopharmaceutical company Bristol Myers Squibb. The company is developing its newest core R&D facility at Alexandria Point property in San Diego’s UTC area. The transaction is the second largest lease agreement secured in the firm’s history.

Currently under construction, Alexandria Point is a 2-million-square-foot campus with laboratory and office space and more than 100,000 square feet of amenities, including an organic eatery, a best-in-class wellness and fitness center, state-of-the-art conference space, expansive green space and an on-site garden. Alexandria is also planning an event lawn and conference center capable of housing 800 people. The property will be built to LEED Gold standards.


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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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