Alexandria Real Estate has executed a long-term lease with CARGO Therapeutics for 99,557 RSF at 835 Industrial Road on the Alexandria Center for Life Science – San Carlos mega campus in the San Francisco Bay Area. CARGO anticipates occupying the mission-critical life science space in early 2024. CARGO, which raised approximately $291M in its IPO in November 2023, is a clinical-stage biotechnology company focused on advancing its platform technologies and a pipeline of potentially curative, next-generation cell therapies that could lead to better outcomes for cancer patients.
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Read More on ARE:
- Alexandria Real Estate Equities, Inc. Declares Cash Dividend of $1.27 per Common Share for 4Q23, an Increase of 3 Cents Over 3Q23, and an Aggregate of $4.96 per Common Share for 2023, an Increase of 24 Cents, or 5 Percent, Over 2022
- Alexandria Real Estate raises quarterly dividend to $1.27 from $1.24 per share
- Alexandria Real Estate price target raised to $119 from $115 at Evercore ISI
- Alexandria Real Estate price target lowered to $140 from $160 at JMP Securities
- Alexandria Real Estate selected for Eli Lilly’s Gateway Labs in San Diego
