| 
Alexandria Real Estate Equities owns 22 million square feet of commercial real estate and has a nearly 8 million-square-foot development pipeline, with a concentration on tech and life science tenants in seven U.S. markets including Greater Boston.
Now it’s starting to invest in the life science industry directly through a new seed capital program and plans to offer flexible real estate options for startups at a 20,000-square-foot incubator space opening in Cambridge’s Kendall Square this fall.
The Pasadena, California-based REIT has begun accepting applications for wet lab and office space in its One Kendall Square complex. Alexandria acquired the 644,000-square-foot tech campus in 2016 for $725 million and is developing an additional 172,500-square-foot office and lab building at 399 Binney St.
The 20,000-square-foot Alexandria LaunchLabs will provide early-stage life science companies with coworking space, shared and private offices and labs, equipment and conference rooms. The Cambridge location follows the June 2017 opening of its New York City-based Alexandria LaunchLabs location, which hosts 18 life science startups.
Through the program, Alexandria said it’s positioned to offer startups room to grow throughout its Greater Boston real estate portfolio, which totals nearly 6.5 million square feet. Alexandria is currently accepting applications from life science startups on its website.
