Hamner Institute Headquarters Sold to create new Lifesciences Hub

Submitted by apoorboy on Wed, 2012-02-15 09:02

Life sciences property owner and developer Alexandria Real Estate Equities (NYSE:ARE) aims to create a network of life sciences hubs across the country and the firm has made a Research Triangle Park, North Carolina acquisition its first move in the strategy.

The Hamner Institutes for Health Sciences‘ headquarters has been sold to an Alexandria affiliate for $20 million. Alexandria is already RTP’s largest real estate player and operates 840,000 square feet of lab and office space. Overall, the firm operates more than 12.4 million square feet of space in key life sciences clusters including San Diego, San Francisco, the greater Boston area and suburban Washington, D.C.