Alexandria Real Estate Equities, which expanded its footprint in New York City earlier this year with the purchase of Pfizer’s headquarters in Manhattan, is bringing one of its life-science centers to Long Island City.

The California-based real estate investment trust bought The Bindery building at 30-02 48th Avenue from a partnership led by Brickman Real Estate for $75 million, sources told The Real Deal.

The purchase of the 175,000-square-foot property closed yesterday at a value of $430 per square foot. Representatives for Alexandria and Brickman could not be immediately reached for comment.

Read the full story in The Real Deal