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Alexandria Sells Stake in Pharmaceutical-Leased Office in Record-Shattering Deal

Life Science-Focused REIT Closes $301 Million Deal for Merck & Co. Property
Alexandria Real Estate Equities has sold off a 70% stake in a South San Francisco, California, office building leased to global pharmaceutical giant Merck & Co. (CoStar)
Alexandria Real Estate Equities has sold off a 70% stake in a South San Francisco, California, office building leased to global pharmaceutical giant Merck & Co. (CoStar)
CoStar News
April 28, 2021 | 2:19 P.M.

Demand for real estate leased to lucrative, high-profile companies has reached new heights in the San Francisco Bay Area, where the pursuit of tenant stability fuels sales activity throughout the region.

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News | Alexandria Sells Stake in Pharmaceutical-Leased Office in Record-Shattering Deal