Fresh Off Best Year Ever, Lab Giant Alexandria To Venture Into New Territory The leading developer of life sciences properties rode the industry's wave last year, recording 4.1M SF of leases signed between October and December, more than double its best total for any quarter in Alexandria Real Estate Equities' nearly 30-year history. Its pace of activity is spurring the Pasadena, California-based real estate investment trust to venture into new territory — it is paying $402M for a nearly 1M SF life sciences campus in Texas, it disclosed in its quarterly earnings release this week. 
“There’s literally no real presence of commercial life science [in Texas],” Alexandria Chairman Joel Marcus said on the company's earnings call Wednesday. The new investment in an undisclosed Texas city is “an attempt to create a market and bring early stage life science to Texas, like we did with New…  Read the full story here. | 
