RESEARCH TRIANGLE PARK, NC–Alexandria Real Estate Equities is taking its life-science-mega-campus-development show on the road, this time to North Carolina.
The Pasadena, CA-based REIT has built several major life science and technology campuses over the years in all corners of the US. Now it has set its sights on Research Triangle Park, where it recently acquired the Alexandria Center for AgTech, located at 3054 East Cornwallis Rd., next to a site the REIT already owns, 6 Davis Dr. The first phase of the project is the redevelopment of the Cornwallis site into a 175,000-square feet into office/laboratory and greenhouse facilities as well as a number of competitive amenities (more on this in a moment).
The development of both campuses will eventually form a one-million-square foot mega campus that will focus agriculture technology and its related ecosystem.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
