SAN FRANCISCO—Los Angeles-based Alexandria Real Estate Equities Inc. recently revealed a partnership with Uber Technologies Inc., including the acquisition of two key parcels in the Mission Bay submarket of San Francisco, located at 1455 and 1515 Third St., as well as approximately 425 existing parking spaces, plans, permits and piles, in the heart of this world-class science and technology cluster.

The parcels, which Alexandria had previously sold to salesforce.com in 2010, will support a total of approximately 422,980-rentable-square-feet of new, ground-up, class A facilities. Alexandria and Uber’s partnership will be owned 51% by Alexandria and 49% by Uber. The partnership will develop the approximately area for Uber as it expands its corporate headquarters in San Francisco in conjunction with a 15-year lease for the entire project.

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