TORREY PINES, CA-Pasadena-based Alexandria Real Estate Equities has acquired a 116,556 square foot office and industrial building here for $64 million.
The San Diego Business Journal says the research-and-development building, at 3545 Cray Court, was sold by Lankford & Associates Inc. of San Diego. The building is fully occupied by the Scripps Research Institute.
The property was developed in 1999 by Lankford & Associates on 5.3 acres.
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