Alexandria Real Estate Equities has extensive holdings in the San Diego area totaling approximately 5 million rentable square feet, including its Alexandria at Torrey Pines property.

SAN DIEGO—Office REIT Alexandria Real Estate Equities reports it has launched a new product geared to providing post-seed-stage life science companies with turnkey, fully furnished office/laboratory suites.

The first “Alexandria GradLabs” property will be located in San Diego at 9880 Campus Point Drive. The 98,000-square-foot project is scheduled to be delivered by 2020 and will be built at the Pasadena, CA-based firm's flagship San Diego property—Campus Pointe by Alexandria.

Campus Pointe by Alexandria, located in the University Town Center submarket, is anchored by Eli Lilly and Company, Celgene Corp. and UC San Diego. The campus also has future development and redevelopment opportunities aggregating 697,000 rentable square feet that would thus create a 1.6 million-square-foot campus.