Alexandria Real Estate Equities, Inc. Announces Long-Term 258,581 RSF Lease With Longstanding Tenant Vaxcyte, Inc. at the Alexandria Center for Life Science - San Carlos Mega Campus

Core Insights - Alexandria Real Estate Equities, Inc. has signed a 10-year lease with Vaxcyte, Inc. for 258,581 RSF at the Alexandria Center for Life Science – San Carlos, reinforcing its position in the life science sector [1][2] Company Overview - Alexandria Real Estate Equities, Inc. is a leading life science REIT with a market capitalization of $33.1 billion and operates 41.8 million RSF of properties as of September 30, 2024 [4] - The company specializes in developing collaborative mega campuses in key life science innovation clusters across North America [4] Lease and Tenant Information - Vaxcyte has been an anchor tenant since the campus opened in 2021, and the new lease signifies its commitment to the Alexandria Center as a premier location for life science innovation [2][3] - The Alexandria Center for Life Science – San Carlos has 739,157 RSF in operation, with a 97.4% occupancy rate, and offers 1.4 million RSF of future development opportunities [3] Campus Features - The mega campus is designed with essential Labspace® infrastructure and amenities aimed at attracting and retaining top talent, including conference spaces, a courtyard, dining options, and a fitness center [2][4]