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Alexandria Buys Second Property In Stanford Research Park

Rising Rents in Silicon Valley Draw Investors
Alexandria Real Estate purchased the building at 3160 Porter Drive for $97 million. (CoStar)
Alexandria Real Estate purchased the building at 3160 Porter Drive for $97 million. (CoStar)
By Molly Armbrister
August 29, 2019 | 3:54 P.M.

Stanford University sold a building in its Stanford Research Park to real estate investment trust Alexandria Real Estate for $97 million, the second building that Alexandria has purchased in the area this year and the latest in a string of recent real estate acquisitions for the life sciences and tech-focused company.

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