Alexandria Widens Net at Mission Bay Campus

SAN FRANCISCO-Life sciences REIT Alexandria Real Estate Equities is softening its focus for its piece of the 303-acre Mission Bay redevelopment. The Pasadena-based public company found on the Internet at www.labspace.com has dropped “life sciences” from the name of its eventual 2.7-million-sf campus there, replaced it with “science and technology” and hired two brokerage firms to source non-lab tenants.

The new strategy give’s Alexandria a much larger tenant pond to fish. The company’s regional market director, senior vice president Steve Richardson tells GlobeSt.com the casting of the wider net is not a response to a slowing of interest by life science relative to pro forma lease-up or development schedules, Richardson says.