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BioMed Realty Trust Reports Fourth Quarter and Full-Year 2009 Financial Results
Date:2/10/2010

during its third quarter 2008 earnings call.  

During the quarter ended December 31, 2009, the company purchased three land parcels totaling approximately 36 acres adjacent to the company's The Landmark at Eastview campus in Tarrytown, New York for approximately $2.5 million. The parcels include an existing parking facility that supports The Landmark campus and increases the size of The Landmark campus to approximately 150 acres.

In addition, the company invested approximately $10.3 million in the McKellar Court joint venture to repay the joint venture's existing mortgage on the McKellar Court property in San Diego, California. The company's pro-rata portion of the debt repayment was approximately $2.1 million.

Also in 2009, the company delivered three key projects into service from its development pipeline:

  • 361,000 square foot corporate headquarters and research facilities at The Landmark at Eastview campus for Regeneron, including a 230,000 square foot build-to-suit and 131,000 square feet of newly developed laboratory and office space subsequently leased to Regeneron.
  • 700,000+ square feet at the Center for Life Science | Boston, which achieved Gold LEED® certification and was 91% leased at the end of the year.
  • 96,000 square feet at the Fairview Research Center in Seattle, Washington.

As of December 31, 2009, BioMed Realty Trust owned or had interests in 112 buildings, located predominantly in the major U.S. life science markets of Boston'/>"/>

SOURCE BioMed Realty Trust, Inc.
Copyright©2010 PR Newswire.
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