Alexandria Real Estate Equities, a real estate investment trust based in Pasadena, Calif., has announced plans to offer 2.5 million shares of common stock.The office/laboratory REIT said the expected proceeds of approximately $240 million will be used to reduce the balance on its unsecured line of credit. Merrill Lynch, Pierce, Fenner & Smith Inc. and Banc of America Securities LLC are the joint book-running managers for the offering. The REIT has granted the underwriters an option to buy up to 375,000 additional shares to cover any overallotments.

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