Alexandria Real Estate Equities expands strategic with Merck

|About: Alexandria Real Estate E... (ARE)|By:, SA News Editor

Alexandria Real Estate Equities (NYSE:ARE) announced that Merck has selected the company to develop, construct and operate its new West Coast research facility at 213 East Grand Avenue in San Francisco.

Merck executed a long-term, full-building lease for a nine-story, 294,000 RSF laboratory/office campus.

"We are honored to expand our strategic relationship with Merck, one of our current tenants, as the company establishes its San Francisco Bay Area R&D hub," said Joel S. Marcus, Chairman, CEO of Alexandria Real Estate Equities