June 08, 2017 | Two biopharma facilities sell for $20M in Boca Raton

June 10, 2017

Two lab processing facilities in Boca Raton just traded for $20 million to ADMA Biologics, a New Jersey-based publicly traded biopharmaceutical company.

The two two-story buildings at 5800 and 5900 Park of Commerce span 126,433 square feet and sold for $158 per square foot. Records show the seller Biotest Pharmaceuticals Corporation, an affiliate of Germany-based Biotest, bought the facilities for $30.2 million in 2007.

Source The Real Deal

Full Article https://therealdeal.com/miami/2017/06/08/two-biopharma-facilities-sell-for-20m-in-boca-raton/

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