A
lexandria Real Estate Equities, Inc. has announced the largest lease in its 31-year history: a 16-year agreement with a multinational pharmaceutical tenant for a 466,598 rentable square foot research and development hub at Campus Point Megacampus in San Diego's University Town Center submarket.

    The deal underscores strong demand for Alexandria's collaborative campuses, particularly in San Diego's life science ecosystem. "Campus Point is a crown jewel of our Megacampus platform," said Daniel J. Ryan, co-president and San Diego regional market director at Alexandria. "We're honored that one of our long-standing tenants has chosen it as the site for a new R&D hub."

    The new facility will prioritize sustainability, health, and collaboration when it breaks ground in 2026 and delivers in 2028. Designed to be 100% electric, the building will pursue LEED Gold Core & Shell and Fitwel certifications.

    Campus Point is currently 98.8% occupied across its 1.3 million rentable square feet. Alexandria has an additional 1.3 million RSF of development potential at the site, positioning Campus Point to more than double in scale to approximately 2.6 million RSF—a 420% increase since the firm's initial acquisition in 2010.

    The Megacampus features a wide array of amenities and wellness-focused features, including a members-only wellness center, farm-to-table restaurant, versatile event space, recreational fields, and an organic garden. Its prime location near major highways and direct access to public transportation ensures ease of commute for its tenants.

    This historic lease highlights Alexandria's successful strategy of building premier innovation campuses in top life science clusters like San Diego, Boston, and the San Francisco Bay Area. "Our brand is built on trust," Ryan added. "Every detail of Campus Point has been crafted to enhance innovation and empower our tenant community."