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HAGERSTOWN, Md. (AP) — An economic development group says it has purchased 173 acres for a technology business park in the Hagerstown area.

The Hagerstown-Washington County Industrial Foundation said Wednesday it bought the land between Hagerstown Community College and the Meritus Medical Center from Diakon Senior Living for about $3.5 million.

The Mount Aetna Farms property was previously earmarked for residential development. Diakon is keeping 50 adjacent acres for potential expansion of a senior living community.

The foundation says it will work with the local economic development commission to market the property to businesses that would complement the community college’s biotechnology program.

(Copyright 2011 by The Associated Press. All Rights Reserved.)


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