Bristol Myers Squibb Lands New 427,000 SF San Diego Lab

• Alexandria Real Estate Equities has completed a 427,000-square-foot research and development facility for Bristol Myers Squibb at its Campus Point Megacampus in San Diego.
• The delivery strengthens a partnership between the two companies that dates back to 1998 and further expands one of the nation's leading life sciences campuses.
• Campus Point is currently 95.4% occupied and spans 2.9 million rentable square feet, with additional development already underway.

What the New Research Hub Includes

Alexandria Real Estate Equities has delivered a 427,000-square-foot state-of-the-art research and development hub for Bristol Myers Squibb at its Campus Point by Alexandria Megacampus™ in San Diego. The facility marks another milestone in the long-standing relationship between the life science REIT and the global pharmaceutical company, which has partnered with Alexandria since 1998. The newly completed building will serve as Bristol Myers Squibb's latest research and development center, providing modern laboratory and office space designed to support scientific innovation and collaboration within one of the country's premier life science clusters.

What Makes Campus Point a Key Life Science Destination

Campus Point continues to be one of Alexandria's flagship developments, located in San Diego's renowned Miracle Mile of Medicine. As of March 31, 2026, the campus totals 2.9 million rentable square feet, including 1.3 million square feet currently in operation, 900,000 square feet under construction, and another 700,000 square feet planned for future development and redevelopment. The campus is currently 95.4% occupied, reflecting continued demand from pharmaceutical companies, biotechnology firms, research institutions, and advanced technology organizations looking to be part of a collaborative innovation ecosystem. Its location near institutions such as the Salk Institute, Scripps Research, and the University of California, San Diego gives tenants direct access to world-class scientific research, talent, and academic partnerships.

What Amenities Support Innovation

Beyond laboratory and office space, Campus Point has been designed as a mixed-use research environment that encourages collaboration and employee wellness. Planned amenities include walking trails, a retail breezeway, community farm and market, pickleball courts, athletic fields, conference and event spaces, fitness and wellness facilities, along with multiple food and beverage options including a café, tavern, and destination restaurant. These features are intended to help tenants recruit and retain top talent while creating an environment that supports scientific discovery and long-term growth.

What This Means for the Life Sciences Real Estate Market

The completion of Bristol Myers Squibb's new R&D hub further strengthens Alexandria Real Estate Equities' position as one of the country's largest owners and developers of life science real estate. With 35.8 million rentable square feet of operating properties across North America and a market capitalization exceeding $20 billion, Alexandria continues expanding its Megacampus strategy in major innovation markets including San Diego, Boston, the San Francisco Bay Area, Seattle, Maryland, Research Triangle, and New York City. The latest delivery also highlights continued demand for purpose-built laboratory space as pharmaceutical companies invest in research infrastructure to support future drug discovery and development.