Bristol Myers reserves a center spot at Alexandria's big San Diego biotech R&D hub

After planting — or in some cases, taking over — multiple flags around San Diego over the years, Bristol Myers Squibb is bringing them all under one roof.

The pharma giant announced a long-term lease with Alexandria Real Estate Equities last week to build its newest core R&D facility: a 427,000-square-foot building located inside the mega campus in the University Town Center dubbed Alexandria Point.