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| 9911 Belward Campus Drive, Rockville, MD |
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| Stephen Conley |
WASHINGTON, D.C. – HFF announced the sale of 9911 Belward
Campus Drive, a 289,912-square-foot large scale biologics manufacturing
facility in Rockville, Maryland, that is 100-percent leased through May 2026 to
Human Genome Sciences, Inc., a wholly owned subsidiary of GlaxoSmithKline
(NYSE: GSK).
HFF
marketed the property on behalf of the owner, BioMed Realty Trust. The asset was purchased for an undisclosed
amount.
9911 Belward Campus Drive is the single point of production
for GSK’s FDA-approved lupus treatment Benlysta. Completed in 2005, the large scale manufacturing site has a
fully-integrated warehouse with production and testing capabilities enabling
stand-alone production of commercial biologics derived from cell culture.
The facility sits on
a 9.55 acre site at the intersection of Interstate 270 and Shady Grove Road in
Rockville, which is two miles south of the newly-opened Intercounty Connector
and approximately 20 miles northwest of downtown Washington, D.C.
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| Jim Meisel |
The HFF investment sales team representing the seller was
led by executive managing director Stephen Conley, senior managing
directors Jim Meisel, Dek Potts and Andrew Weir, associate director Matt
Nicholson and senior real estate analyst Dave Baker.
“This is a very special purpose facility that provides
stable cash on cash yields from an investment grade tenant for more than 10
years,” Meisel said.
BioMed Realty Trust, Inc. (NYSE: BMR), is a leading provider
of real estate solutions to the life science community and offers leasing,
development, construction, redevelopment, acquisition, financing and property
management services to its tenant partners in the United States and the United
Kingdom.
BioMed Realty owns or has interests in properties comprising
approximately 17.2 million rentable square feet.
Additional information is available at www.biomedrealty.com. Follow them on Twitter@BioMedRealty.
For a complete copy
of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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