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BioMed Realty acquires 320 Charles in Cambridge, MA for $52M

BioMed Realty announced that it has completed the acquisition of 320 Charles Street in Cambridge, Massachusetts in a transaction valued at $52M. The property comprises approximately 99,500 square feet of laboratory and office space currently leased to The Whitehead Institute for BioMedical Research. In connection with the acquisition, BioMed Realty issued approximately 2.0M operating partnership units in BioMed Realty, to the seller, with the balance of the purchase price paid in cash.