"We've made our stamp on the market and I think we'll continueto do so," says Justin Krebs, a principal at Normandy, adding thatthe company plans to invest another $600 million in the Bostonmarket over the next two years.

The company's latest buy, the 285,000-sf, 19.4 acre Lexingtoncampus, was a coupe of sorts, acquired in an off-market deal withseller Essex River Ventures LLC, which had just put thefour-building property on the market with The Trammell Crow Co. Atleast 90 requests for confidentiality agreements had already beensigned on the property, Krebs says, when Normandy asked to put inan offer. Essex River Ventures, which bought the Lexington campusthree years ago for $35.3 million, agreed to Normandy's request anda deal was struck.

The building, which is about 65% occupied by a number ofhigh-tech and biotech firms, was a fitting acquisition for thecompany, which prides itself on buying value-added properties instrong markets that can easily be repositioned.Krebs says Normandyplans to make some minor landscape and mechanical improvements tothe campus, and will begin a full court push to have the propertyfully leased within the next 12 months.

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