The land is located in the Longwood Medical and Academic Area of Boston at the intersection of Longwood and Brookline Avenues. An existing two-story, 9,000-square-foot office building and an empty 84-unit apartment building will be demolished and 28-space surface parking lot will be cleared to make room for a new 350,000-square-foot life science building on the site.

Joslin workers housed in the two-story office building at 352-354 Longwood Ave. will be relocated to other Joslin facilities by March 31, 2008. Joslin plans to lease research space in the new building though no lease has been signed and a decision on the lease will not take place until mid 2008, said Rachel Whitehouse, a spokeswoman for Joslin. The remainder of the space will be leased to other institutions.

National Development plans to begin construction on the development next year.

Joslin issued a request for proposals in April to determine whether the land could be sold to a developer. Previously, Joslin and Boston Properties Inc. had planned to co-develop the land but mutually agreed to part ways in December of 2006. Whitehouse declined to provided specific reasons why the agreement between Boston Properties and Joslin did not work out.

"This is an important step forward in our quest to cure diabetes," said Kimball, president and chief executive officer of Joslin Diabetes Center, in statement. "This sale allows us to plan for expansion of our world-class research programs."

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