Alexandria Delivers 427K SF R&D Hub for Bristol Myers Squibb in San Diego Megacampus
Event summary
- Alexandria Real Estate Equities delivered a 427K SF R&D hub for Bristol Myers Squibb at Campus Point Megacampus in San Diego.
- Campus Point spans 2.9M SF with 95.4% occupancy as of March 31, 2026.
- BMS has been a strategic partner since 1998 and is an anchor tenant at the Megacampus.
- San Diego region comprises 6.2M RSF operating assets and 0.9M RSF development assets as of March 31, 2026.
The big picture
Alexandria's delivery of a state-of-the-art R&D hub for BMS underscores the strategic value of its Megacampus model in life science clusters. The deal highlights the growing demand for collaborative, large-scale research environments that combine infrastructure with talent attraction. With a total market capitalization of $20.44B and 35.8M RSF of operating properties as of March 31, 2026, Alexandria continues to solidify its position as a key player in the life science real estate sector.
What we're watching
- Leasing Velocity
- How the delivery of this R&D hub will impact Alexandria's leasing velocity and portfolio performance in San Diego.
- Talent Attraction
- Whether Campus Point's amenities and ecosystem can sustain BMS's ability to recruit and retain top talent.
- Future Development
- The pace at which Alexandria will develop the remaining 0.7M SF available for future development at Campus Point.
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