Lexington Biotech Center Trades for $112M

Hobbs Brook Management acquired life science campus Ledgemont Technology Center in Lexington, MA from a group of investment partners including the Beal Company and Boston Andes Capital. The purchase price was reported as $112 million. “Greater Boston leads the world in breakthrough life science and biotech research,” said Sam Schaefer, president and CEO, Hobbs Brook Management. “The most innovative companies want to be here at the epicenter of discovery, and this acquisition allows us grow our existing footprint in this expanding sector.”

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Source: https://www.connect.media/lexington-biotech-center-trades-for-112m

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