Alexandria Real Estate Equities, a real estate investment trust based in Pasadena, Calif., has announced plans to offer 1.2 million shares of common stock.The office/laboratory REIT said the expected proceeds of approximately $97.2 million will be used to reduce the balance on its $500 million unsecured line of credit and for general corporate purposes. A.G. Edwards & Sons Inc. is the sole book-running manager for the offering. The REIT has granted the underwriter an option to buy up to 180,000 additional shares to cover any overallotments.
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