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Life sciences-focused real estate firm adds to its collection of Stanford buildings

Aug 27, 2019 - Silicon Valley Business News

Eight months after a $100 million megapurchase in Stanford Research Park, a Pasadena-based real estate firm has added another building to its collection in the same campus.

The Mercury News reports that Alexandria Real Estate Equities Inc. has bought the office building at 3160 Porter Drive in Palo Alto for about $97 million in a deal that closed Aug. 12, citing Santa Clara County property records.

The 96,500-square-foot, Class A office building was owned by Stanford University, and ...