Image courtesy of Google Maps.

Major Route 128 landlord Hobbs Brook Management is expanding its holdings in the area by more than 187,000 square feet.

An LLC controlled by the firm bought 128 Spring St. and 1 Ledgemont Court in Lexington, also known as the Ledgemont Technology Center, for $112.5 million from a joint venture of The Beal Cos. and Boston Andes Capital on Feb. 5, according to documents filed in the Middlesex South Registry of Deeds.

Beal built the complex in 1981, and sold the building to the joint venture in 2014 for $43 million, according to public records.

“Greater Boston leads the world in breakthrough life science and biotech research,” Hobbs Brook Management president and CEO Sam Schaefer said in a statement. “The most innovative companies want to be here at the epicenter of discovery, and this acquisition allows us grow our existing footprint in this expanding sector.”

The Ledgemont Technology Center sits adjacent to another Hobbs Brook property at 95 Hayden Ave., and is less than two miles from the company’s ongoing speculative development project at 225 Wyman Street in Waltham, which will add more than 250,000 square feet of lab space and another 250,000 square feet of office space to a market with strong demand and limited vacancy.

The newly renovated complex, which includes five buildings, includes a structured parking garage, a “collaboration center” with conference facilities, an on-site cafe and an exterior patio.

Hobbs Brook Management represented itself in the transaction and the sellers were represented by Frank Petz and Mathew Sherry of JLL.