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California  + Healthcare  | 

Alexandria Secures Largest Life Science Lease in Company History

Alexandria Real Estate Equities, Inc. said Monday it has executed a 16-year lease with a longtime multinational pharmaceutical tenant for a 466,598-square-foot build-to-suit research hub on the Campus Point by Alexandria Megacampus in the University Town Center submarket of San Diego. The BTS deal represents the largest life science lease in Alexandria’s 31-year history.

“Campus Point is a crown jewel of Alexandria’s Megacampus platform, and we are honored that one of our longstanding, highly innovative tenants has selected it as the site for a new R&D hub,” said Daniel J. Ryan, co-president and San Diego regional market director.

Construction of the research hub, which is targeting 100% electrification and LEED Gold Core & Shell and Fitwel certifications, will commence in 2026 and is expected to be delivered in 2028. The Campus Point by Alexandria Megacampus has reached 1.3 million square feet in operation and is 98.8% occupied, with another 1.3 million square feet of development and redevelopment opportunities.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Lease
  • ◦Development
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