The latest acquisition makes it the highest amount paid for a flex R&D building in Los Angeles County.
Cancer research firm Kite Pharma is paying $135 million for a 160,000-square-foot research and development building in Santa Monica, adding to its already sizeable footprint there.
The latest acquisition makes it the highest amount paid for a flex R&D building in Los Angeles County, according to CoStar. The deal likely includes a leasehold agreement, because the city owns the land beneath the facility.
