Alexandria Real Estate Equities, Inc. (NYSE: ARE), an urban office REIT uniquely focused on collaborative life science and technology campuses in AAA innovation clusters, today announced the launch of new strategic agtech business initiatives to provide much-needed infrastructure and capital to the rapidly growing agricultural technology (agtech) industry and address the challenge of advancing human health by improving nutrition. Alexandria's timely launch includes the opening of the Alexandria Center® for AgTech – Research Triangle, the country's first and only integrated multi-tenant, amenity-rich agtech R&D and greenhouse campus, located in North Carolina. The campus opens with a fully leased first phase, a 175,000 RSF redevelopment at 5 Laboratory Drive in the heart of the Research Triangle, the most important, dense and diverse agtech cluster in the United States. The company has already initiated development of the campus's second phase, a 160,000 RSF property at 9 Laboratory Drive, further expanding the office/laboratory and greenhouse space at the Alexandria Center for AgTech. Construction and pre-leasing of this future value-creation development project are underway with expected delivery in 2020.