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0 0.000202077355211621 -0.00115184092470596 -0.00101038677605787 -0.00432445540152768 -0.00246534373358127 -0.00109121771814255 -0.00416279351735845
Stock impact report

Alexandria (ARE) Sees Demand, Seals Early Renewal With insitro [Yahoo! Finance]

Alexandria Real Estate Equities, Inc. (ARE) 
Last alexandria real estate equities, inc. earnings: 4/27 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
insitro for a six-year lease extension at the Alexandria Center for Advanced Technologies mega campus in South San Francisco. Being a significant early renewal, the lease extension for 143,188 rentable square feet (RSF) at 279 East Grand Avenue will run through Aug 31, 2034. This move will ensure steady rental revenues from this property for the long term. It emphasizes the necessity for ample laboratory facilities to produce extensive datasets crucial for AI-driven advancements in medicine and reaffirms Alexandria's strong capacity to facilitate companies engaged in the burgeoning area of AI-enhanced laboratory-based research and development. Acknowledging the potential of insitro's groundbreaking platform that leverages AI, particularly machine learning (ML), and extensive data to unravel complex biological processes and uncover novel medications across various therapeutic domains, including metabolism, oncology and neuroscience, Alexandria had executed its first lease with in Show less Read more
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