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More than 20,000 people are expected to attend BIO 2007, the world's largest biotech conference.
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Stephen Heuser, a reporter for the Globe, covers biotechnology, medical devices, and the life-science industry.
Christopher Rowland , Globe reporter, covers the healthcare economy, including doctors and hospitals, insurance, and research.
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Wednesday, May 9, 2007

Buy 10, get one free

With real estate prices being what they are, it might be surprising that anyone would pass on the chance at a free acre of land in Massachusetts.

But when the Massachusetts Biotechnology Council held a drawing today for a handful of real-estate prizes, including free rent and lease credits at various office parks around the state, it was the lease deals that attracted the most excitement from biotech companies.

“People weren’t as interested in the acre,” said Peter Abair of the MBC, who cooked up the biotech real-estate sweepstakes.

Perhaps it’s because the acre comes with a few strings: For one thing, it’s at SouthField, in Weymouth, the Property Formerly Known as the South Weymouth Naval Air Station (and not exactly known as a biotech hotspot). And there’s another catch: You can only get the “free” acre if you buy 10 more.
(By Stephen Heuser, Globe staff)
naval.jpg
The former naval station site in South Weymouth:
A biotech cluster it's not.

Posted by Boston Globe Business Team at 02:01 PM
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