LA Billionaire's Biotech Firm Inks With Alexandria

Alexandria Real Estate Equities strikes again. This time, in the former Novartis space in its Nautilus campus.

NantKwest Inc inked a deal for 44,700 SF at 3530 John Hopkins Ct, part of the complex once used by Merck & Co and Novartis, according to filings with the SEC. Alexandria, which bought the Nautilus project in 2012 and renovated into a life science complex, inked the sizable deal with NantKwest this past summer for both office and R&D uses, according to docs.

This deal is part of what Alexandria's Dan Ryan recently called the best leasing quarter in 20 years. The firm also secured a build-to-suit with Eli Lilly at its Campus Point Drive project. This deal for NantKwest comes on the heels of that biotech's recent IPO, which secured a market cap of more than $2B. NantKwest, controlled by LA billionaire Patrick Soon-Shiong (here), makes cancer immunotherapy medicines.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Diego Newsletters
Related Stories

Cross Ocean Partners, Fuller Realty Acquire 829K SF Houston Office Campus

NYC Office Investor Warns It Could Go Under As Defaults Pile Up

Deutsche Bank Takes 5 Floors At Oaktree And Quadrant's Canary Wharf Scheme

Coconut Grove Office Flipped For $15M Gain After One Year

D.C.'s Office Market Is Getting A Makeover

Oxford Properties Pays $435M For Boston Office Tower, Eyes More Deals

Judge Rules FBI Can't Scrap Maryland Headquarters Plan

EXCLUSIVE: Opal Holdings' Former 700K SF Suburban Chicago Office Campus Hits The Market

Judge Approves $70M Sale Of Philly's Largest Office Complex

Brookfield Offloads 3-Building Silver Spring Office Complex

Wildfires Reignite Case For Landlords To Invest In Air Quality

3 Suburban Philly Office Buildings With Strong Occupancy Hit The Market