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Alexandria Launches Rockville Campus, Inks HQ Deal with Biotech
Pasadena, CA-based Alexandria Real Estate Equities, Inc. kicked off the development of a 175,000-square-foot Class A property on its flagship Maryland campus, the Alexandria Life Science and Translational Research Center at 9800 Medical Center Dr. A 15-year, 132,000-square-foot lease was signed with RegenxBio Inc., a leading clinical-stage biotechnology company developing gene therapies.
The company will be the anchor tenant of the new sustainable office/laboratory development, and provides it with expansion options for its future HQ and R&D building. Upon completion of the latest building, the campus will consist of roughly 460,000 square feet.
The lease enables RegenxBio to expand and consolidate multiple nearby sites at one campus location in the heart of the Shady Grove Life Sciences Center in Rockville, MD. The ground-up development project targeting LEED certification is fully-entitled, and is expected to be placed into service in 2020.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development
- ◦Lease


