Alexandria Real Estate Equities buys LIC building for $75M

Alexandria Real Estate Equities, which expanded its footprint in New York City earlier this year with the purchase of Pfizer’s headquarters in Manhattan, is bringing one of its life-science centers to Long Island City. The California-based real estate investment trust bought The Bindery building at 30-02 48th Avenue from a partnership led by Brickman Real Estate for $75 million, sources told The Real Deal. The purchase of the 175,000-square-foot property closed yesterday at a value […]

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