Alexandria Real Estate Sells 104-Acre Research Triangle Park Life-Sciences Site to King Street Properties for $29.5m

Alexandria Real Estate sold its 104-acre life-sciences-zoned site (including a 100,000 sq ft building housing DPR Construction's regional HQ) at Research Triangle Park, Durham, to Boston-based King Street Properties for $29.5 million -- a steep discount to the $91 million Alexandria paid in 2021, amid 32.4% life-sciences vacancy in the Raleigh-Durham market.