BIOMED REALTY TRUST RECEIVES $245 MILLION CONSTRUCTION LOAN

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CAMBRIDGE, MASS. — BioMed Realty Trust, along with joint venture partner Prudential Real Estate Investors, has secured a $245 million construction loan from Wachovia Bank, National Association and certain other lenders. The funds will be used to construct an approximately 300,000-square-foot life sciences building located at 650 E. Kendall St. in Cambridge.

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