Lowell Peabody, senior vice president and Ted Shannon, vicepresident of NAI Hunneman Commercial, represented property owner,JJ Phelan & Sons Co. Inc, and worked closely withMassDevelopment, the state's economic development authority, whichmade an effort to insure that the availability of the propertyreached prospective life sciences companies. Curt Oberg ofSpaulding & Slye represented Acusphere.

The facility was formerly owned and operated by drugmanufacturer Muro Pharmaceutical Inc. until it was shut down lastyear by its European parent company, ASTA Medica. Although Murosold off most of the equipment that remained in the facility, Obergsays that Acusphere was attracted to the location here due largelyto the facility's infrastructure, previous utilization andexpansion capacity.

A skeleton crew from Muro is still working in the office portionof the facility through the end of the year. Muro utilized thefacility for liquid manufacturing and packaging nasal sprays andcough medicines.