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Northeastern U. expands homeland security division with $33 million purchase

This story first appeared in the Boston Business Journal. Northeastern University has bought an office building in Burlington for $33 million, expanding the school's presence in that town. The purchase, which closed Monday, gives Northeastern a four-story, 109,000-square-foot building just over a mile from a cluster of buildings it has in Burlington. The existing campus includes Northeastern's George J. Kostas Research Institute for Homeland Security as well as innovation and technology labs. Northeastern spokeswoman Renata Nyul said the new building will add to the university's capabilities. Read more: Smith College graduation speaker plagiarized speech, gives back honorary degree 'Focused primarily on homeland security and defense research, Northeastern's expanding Burlington campus is a critical piece of the university's global research enterprise,' she said in a statement. 'The new building will expand the footprint and capabilities of our world-class faculty researchers.' The sale of the Burlington BioCenter, as the building is called, was arranged by the real estate firm Newmark. The seller was an entity affiliated with MetLife Investment Management. The building, with office and lab space, was most recently assessed by the town at just under $20 million. Northeastern is doing far more construction at its main campus in Boston. The university plans to replace Matthews Arena, which it says is the world's oldest multipurpose sports facility. The building, which opened in 1910, has reached the end of its useful life, according to the school, which wants to build a new facility on the same site. Northeastern has also won approval for a 23-story, 1,400-student residential tower on Columbus Avenue and for the conversion of part of Back Bay's Sheraton hotel into housing for more than 800 students. 'Now is the time': Harvard calls for donations amid wave of federal cuts Congressional committees accuse Harvard of working with Chinese Communist Party Smith College graduation speaker plagiarized speech, gives back honorary degree Trump admin cuts another $60 million in grants from Harvard University MIT, Harvard scientists make important breakthrough in Alzheimer's research Read the original article on MassLive.