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Alexandria Sells Big Stake in San Diego Property to Fund Future Biotech Development

Clarion Partners Acquires 70% Ownership of Office Building in Deal Topping $112 Million
Alexandria Real Estate Equities and a prior venture partner sold a 70% stake in a San Diego office building housing Takeda Pharmaceuticals. (CoStar)
Alexandria Real Estate Equities and a prior venture partner sold a 70% stake in a San Diego office building housing Takeda Pharmaceuticals. (CoStar)
CoStar News
July 14, 2023 | 12:19 AM

A venture that includes Alexandria Real Estate Equities sold a 70% stake in a San Diego office building for about $112.4 million as the biotech-focused company looks to finance future development projects nationwide.

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