Alexandria Real Estate Equities, Inc. (NYSE:ARE) agreed to acquire 9965-9995 Summers Ridge Road from Quidel Cardiovascular, Inc. for approximately $150 million in January 2018. The transaction is expected to close on January 5, 2018. Alexandria Real Estate Equities, Inc. (NYSE:ARE) completed the acquisition of 9965-9995 Summers Ridge Road from Quidel Cardiovascular, Inc. for approximately $150 million on January 5, 2018. Under the terms, $5 million of the consideration will be paid upon completion of certain post-closing conditions. In a related transaction, Alexandria Real Estate and Quidel Corporation, parent of Quidel Cardiovascular, entered into a lease agreement for the property on January 5, 2018. Quidel intends to use $100 million of net cash proceeds to pay down the existing term loans and to pay off the entire outstanding $10 million balance on its revolving line of credit.