Image courtesy of Google Maps

A life science developer that specializes in speculative lab suite conversions has made its third and largest acquisition in Boston with the $210 million purchase of 2 Financial Center.

Nan Fung Life Sciences Real Estate previously acquired 51 Sleeper St. in the Seaport District and One Winthrop Square in the Financial District for life science conversions.

The latest transaction is a 12-story, 252,392-square-foot office building completed in 2007. The seller was Bethesda, Maryland-based ASB Real Estate Investments, according to a Suffolk County Registry of Deeds filing.

Nan Fung is the U.S. real estate investment arm of Hong Kong-based Nan Fung Group. Founded in 2019 and headquartered in Boston, the firm is led by former Genzyme and JLL executive Matthew Powers.

The transaction closed just a week after Oxford Properties Group submitted plans for a 155,000-square-foot lab conversion at its nearby 745 Atlantic Ave. property following the departure of WeWork.

Oxford Properties also is proposing a new 393,500-square-foot life science development to replace the parking garage at 125 Lincoln St.