Locally Grown Alexandria Real Estate Equities Launches AgTech Business Initiatives

Published : Tuesday, April 2, 2019 | 4:54 AM

Inside the lobby at the agtech center. Image courtesy Alexandria

Pasadena-based Alexandria Real Estate Equities, Inc. announced the launch of new strategic agricultural technology business initiatives to enhance infrastructure and capital in the growing sector while addressing the challenge of improved human health through nutrition.

“Advances in precision farming, crop protection, gene editing, artificial intelligence, machine learning and the microbiome aim to revolutionize our food system from farm to table,” said Joel S. Marcus, Executive Chairman, Alexandria Real Estate Equities, Inc. and Alexandria Venture Investments.

The effort is intended to facilitate breakthroughs vital to improving nutrition, ensuring a sustainable, accessible, cost-effective global food supply, and, in turn, advance human health.

Primary to the launch is inauguration Alexandria Center for AgTech-Research Triangle, the country’s first and only integrated multi-tenant, amenity-rich agtech research and development and greenhouse campus, in North Carolina.

“We have spent the past 25 years creating and growing unique life science clusters that support trailblazing companies in the crucial fight to treat and cure disease,” said Marcus. “Now is the time to be at the vanguard of coalescing and growing this agtech cluster.”

The agtech center opens with a fully-leased first phase, a 175,000-square-foot redevelopment in the heart of Research Triangle in North Carolina’s Piedmont region, the most important, dense and diverse agtech cluster in the United States.

Research Triangle is anchored by three major research universities: North Carolina State University, Duke University, and University of North Carolina at Chapel Hill. It draws talent from Raleigh, Durham, and the town of Chapel Hill.

The campus’ second phase is in development.

It will be a 160,000-square-foot property that will expand the office/laboratory and greenhouse space at the Center for AgTech. Expected delivery is in 2020.

Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland and Research Triangle.

For additional information on Alexandria, please visit www.are.com.

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