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SAN DIEGO — Biotest Inc. has purchased a research and development (R&D) facility, located at 10140 Mesa Rim in the Sorrento Mesa neighborhood of San Diego, for $23 million.
The China-based life sciences company plans to use the 42,547-square-foot property for product development and distribution.
Todd Holley of Voit Real Estate Services represented the buyer in the transaction. The name of the seller was not released.