The Trustees of the University of Pennsylvania have purchased a former Dupont lab in nearby Delaware County on behalf of Penn's School of Medicine.
The 124,000 square-foot facility, located on 17.4 acres of land, will cost the University $8.25 million, according to CB Richard Ellis, which is representing Dupont.
CB Richard Ellis had previously said the seven total acres of biopharmaceutical offices, chemical labs and animal facilities could cost about $10 to $14 million.
The Med School's Surgery Department, focused on cardiac and neurological care, will use the property as a research and training facility.
The sales transaction was concluded on Oct. 3.
