Abbott buys its Scarborough plant for $17M

On top of recent expansions that are adding nearly 200,000 square feet in Scarborough and Westbrook, Chicago-based Abbott Diagnostics has bought the property that’s home to the medical test maker’s primary Maine-based production facility.

Abbott Diagnostics Scarborough Inc. bought an 111,590-square-foot  industrial building at 10 Southgate Road in Scarborough for $16.95 million.

The deal had been in the works prior to Abbott’s ramped-up production of its rapid test for COVID-19, according to Greg Boulos of the Boulos Co. The test was given the go-ahead by the U.S. Food and Drug Administration in April. Boulos and Robert Weber of CBRE brokered the transaction, which closed Aug. 13. Read more

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