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Alexandria Real Estate Pays $115 Million for Biotech-Anchored Silicon Valley Office Building

Real Estate Investor Expands Commitment to South Bay's Fast-Growing Sector
Alexandria Real Estate Equities closed on a Palo Alto, California, office building in the Stanford Research Park for more than $115.2 million. (CoStar)
Alexandria Real Estate Equities closed on a Palo Alto, California, office building in the Stanford Research Park for more than $115.2 million. (CoStar)
CoStar News
August 20, 2020 | 6:48 P.M.

Alexandria Real Estate is beefing up its Silicon Valley biotech portfolio with the $115 million purchase of a fully leased office building in Palo Alto, California.

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News | Alexandria Real Estate Pays $115 Million for Biotech-Anchored Silicon Valley Office Building