In the largest life science lease in company history, Alexandria Real Estate Equities Inc., an owner, operator and developer of collaborative Megacampus ecosystems in AAA life science innovation cluster locations, announced that 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
“Campus Point is a crown jewel of Alexandria’s Megacampus platform, and we are honored that one of our long-standing, 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. “Every detail of this generational campus has been intentionally crafted to enhance innovation, foster meaningful connection among a growing community of 3,000 professionals and empower them to create life-changing medicines to improve human health and quality of life.”
Alexandria pioneered life science real estate with its founding and first acquisition in San Diego in 1994. Since acquiring its first Campus Point property in 2010, the company has been aggregating, designing, entitling, developing and transforming assets to create an Megacampus ecosystem with a strong and diverse tenant base, driving high-quality long-term cash flows. As of June 30, 2025, Campus Point consists of 1.3 million RSF in operation and is 98.8% occupied. With approximately 1.3 million RSF of additional future development and redevelopment opportunities, this Megacampus has the potential to encompass approximately 2.6 million RSF, representing an increase of 420% in its scale from initial acquisition.
Amenities include wellness, event and food offerings, a versatile event and conference center, a members-only wellness center, a signature farm-to-table restaurant, a communal bodega and convenience retail. To further promote health and well-being, the campus will also feature recreational fields and pickleball courts, expansive green space, walking trails and a new organic garden. Campus Point’s compelling location in the University Town Center submarket offers convenient access to the I-5 and I-805 freeways and the UCSD Health La Jolla trolley stop.
Construction of this development project, 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.
