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The Big Picture San Diego Blog


Investor Spotlight: Alexandria Real Estate Equities, Inc.

October 27, 2015

This week we sat down with Dan Ryan, Executive Vice President and Regional Market Director (San Diego) & Strategic Operations at Alexandria Real Estate Equities, Inc. (NYSE:ARE) to learn more about Alexandria’s San Diego operations.

 

We are thankful to Alexandria for their consistent support of EDC's regional economic development efforts through sponsorship of our study on the Economic Impact of San Diego's Research Institutions, and of the upcoming MetroConnect Grand Prize event on Nov. 17. To join us, click here.

1)      Please tell us what Alexandria Real Estate Equities, Inc. does. 

Founded in 1994, Alexandria Real Estate Equities, Inc. established the life sciences real estate niche with its first properties in Torrey Pines, and has evolved into a global office real estate investment trust (REIT) focused on collaborative science and technology urban campuses.  In addition to its large presence in San Diego, Alexandria has a large footprint in Cambridge, San Francisco, New York City and Seattle.

In San Diego, we are known for our significant campuses, such as Campus Pointe, which was California’s first LEED Platinum certified core and shell building.  Our innovative campuses create opportunities to collaborate, and offer unique amenities, including Brian Malarkey restaurants, fitness centers and organic farms. The Alexandria at Torrey Pines, our latest endeavor, serves as a communal place, filling the need to activate the Torrey Pines Mesa with a new restaurant, gym, theater and meeting and event space. Our high-quality tenants include Illumina, Celgene, Eli Lilly, UC San Diego, The Scripps Research Institute and more. 


2)      What are some advantages to being located/doing business in San Diego?

San Diego is an extremely vibrant, highly educated and entrepreneurial community.  Our dynamic and innovative campuses, complemented by the climate, allow our tenants to recruit and retain top talent.  With a strong concentration of biotech and pharmaceutical companies, the world’s finest sequencing, and renowned institutions, San Diego is one of the most successful innovation clusters.

 

3)      San Diego is full of dynamic companies, firms and service providers influencing global trends and innovation. Pick another San Diego company that is at the top of its game.

I really admire Illumina, a company that not only sets the bar for its industry, but also continually exceeds it.  Illumina is the unequivocal leader in next generation DNA sequencing and Alexandria’s largest tenant on our engaging San Diego campus.  They have a tremendous ability to execute quarter after quarter at the highest level, delivering new technologies and cutting-edge products, and enabling massive adoption of sequencing across healthcare and other industries.

 

4)      What do you anticipate for your company in five years? What do you anticipate for San Diego?

Since joining Alexandria five years ago, we have grown and transformed the San Diego region from approximately 1.6 million square feet to nearly four million square feet of highly dynamic real estate today. In the next five years, we will continue to develop relationships with high-quality tenants and will remain committed to growing San Diego’s life science industry.