Maguire Hayden buys vacant Wayne lab building from Merck

An affiliate of Maguire Hayden Real Estate Co. has acquired a former life-sciences laboratory building in Wayne from a unit of Merck & Co. for $7.9 million, according to documents filed with the Chester County recorder's office.

MH Devon Park LLC completed its purchase of the 155,200-square-foot facility at 466 Devon Park Dr. from Merck Sharp & Dohme Corp. on July 22, according to the documents.

The lab building previously housed Kenilworth, N.J.-based Merck's vaccine department, Maguire Hayden of West Conshohocken said Wednesday in a release announcing the acquisition.

It has been empty since the end of 2015, when it was vacated by PPD Inc., a North Carolina-based contract-research organization that had been leasing the building from Merck, according to Maguire Hayden. 

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