BIOMED ACQUIRES TWO LIFE SCIENCE BUILDINGS FOR $14.4 MILLION

GAITHERSBURG, MD. Ń BioMed Realty Trust has acquired two life science buildings in the DNA Alley corridor of Montgomery County for approximately $14.4 million. The two buildings total approximately 82,400 square feet and are located at 55 and 65 W. Watkins Mill Road in Gaithersburg. The two buildings are fully occupied by tenants MedImmune Inc., which is a wholly owned subsidiary of AtraZeneca, and GenVex Inc., a biopharmaceutical company that developers gene-based medicines. DNA Alley is called such because of the high concentration of biotechnology and pharmaceutical companies, federal government laboratories and education institutions situated along Interstate 270. BioMed Realty owns five properties in this corridor. With this acquisition, its holdings in Maryland increase to approximately 1.2 million square feet. Ń Coleman Wood