Biomed Realty Trust to Acquire Remaining 80% Interest in Rogers Street Properties in Cambridge, Massachusetts for $308M

BioMed Realty Trust, Inc. BMR today announced that it has entered into a definitive agreement to acquire Prudential Real Estate Investors' 80% interest in the Rogers Street properties. BioMed previously acquired a 20% interest in the properties in April 2007 concurrent with the joint venture entered into between BioMed and PREI. The Rogers Street properties are located in the heart of the Cambridge life science community and include two laboratory and office facilities at 301 Binney Street and 320 Bent Street, as well as the Kendall Crossing Apartments and the Binney Street Garage.