CAMBRIDGE, MA-San Diego-based BioMed Realty Trust Inc. has reached a deal to purchase Cambridge Place, a three-building office complex in Cambridge, for $119 million. The property, which contains a total area of nearly 287,000 square feet of space, is 80% leased to Idenix Pharmaceuticals and CDM Smith.
This deal will expand the real estate portfolio of BioMed to approximately 3.2 million square feet in the Greater Boston-Cambridge market. For the full story, go to Boston Globe .
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