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SAN DIEGO-Biomed Realty Trust Inc. has closed on its purchase of 4570 Executive Dr. in the UTC submarket for $63.5 million. The purchase of the 125,219-square-foot biomedical office building, as GlobeSt.com previously reported, was part of a larger 14-building acquisition of more than $290 million in the San Diego area and in five states outside of California.

The office building, located in the University Towne Centre submarket, is the first of five life science properties purchased by Biomed Realty Trust Inc. in the San Diego area. The four-story building, clad in marble, is 100% leased to Bristol Myers Squibb, Amylin Pharmaceuticals and UCSD.

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