SAN DIEGO, Jan. 5, 2011 /PRNewswire/ -- BioMed Realty Trust, Inc. (NYSE: BMR) announced that it has acquired a life science research and development facility at 3525 John Hopkins Court comprising approximately 48,300 square feet in the Torrey Pines submarket of San Diego, California. The building is 100% leased until 2018 to the University of California, San Diego, a world renowned public research university. BioMed purchased the property for approximately $24.9 million, excluding closing costs.
The 3525 John Hopkins Court property is located in Torrey Pines at the corner of Genesee Avenue and John Jay Hopkins Drive, adjacent to BioMed's 72,200 square foot University Science Center. Torrey Pines is the largest life science submarket in San Diego and home to some of the world's leading research institutes, including UCSD, The Sanford-Burnham Medical Research Institute, The Salk Institute, the Scripps Research Institute, and The J. Craig Venter Institute. The acquisition increases BioMed's total presence in San Diego to approximately 1.9 million rentable square feet.
In addition, BioMed announced the acquisition of two life science buildings comprising an aggregate of approximately 79,000 square feet in the heart of the Research Triangle area of North Carolina. The Patriot Science Center is an approximately 48,400 square foot laboratory and office building located at 3908 Patriot Drive in Durham, North Carolina. The property was purchased for approximately $8.6 million, excluding closing costs. BioMed also acquired the 3000 Weston Parkway life science research facility located in Cary, North Carolina, comprising approximately 30,600 square feet of fully occupied rentable space, for a purchase price of approximately $6.
|SOURCE BioMed Realty Trust, Inc.|
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