Alexandria Real Estate Equities has extended the ground lease on its seven-building Technology Square campus in Cambridge, Massachusetts, from an affiliate of the Massachusetts Institute of Technology for 24 years at a cost of $270 million.
Alexandria Real Estate Pays $270 Million for 24-Year MIT Ground Lease Extension
Deal Brings Total Cost of Seven-Building Campus to $987 Million, CoStar Data Shows
CoStar News
July 23, 2024 | 10:14 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Companies
- Alexandria Real Estate Equities, Inc.
Real Estate
- Contacts
- Marc Binda
Chief Finance Officer & Treasurer, Alexandria Real Estate Equities, Inc.