Alexandria Announces Long-Term Lease at San Carlos Mega Campus
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Alexandria Real Estate Equities, Inc. (ARE) has signed a 10-year lease with Vaxcyte, Inc. at its San Carlos Mega Campus. This long-term lease agreement is a significant development for ARE, indicating strong demand for its properties.
November 22, 2024 | 4:15 pm
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Alexandria Real Estate Equities, Inc. has secured a 10-year lease with Vaxcyte, Inc. at its San Carlos Mega Campus, indicating strong demand for its properties.
The 10-year lease with Vaxcyte, a clinical-stage biopharmaceutical company, at the San Carlos Mega Campus suggests a stable and long-term revenue stream for ARE. This deal highlights the attractiveness of ARE's properties to high-growth sectors like biopharma, potentially boosting investor confidence and positively impacting the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 90