PRESS RELEASE

APRIL 2011

AbPro Labs, Inc. Leases 13,500 RSF at 101 Hartwell Avenue, Lexington, MA

AbPro Labs, Inc. has leased 13,500 rentable square feet of lab and office space at 101 Hartwell Avenue, Lexington, MA, from King Street Properties. The building was recently purchased from AMB Property Corporation, gut renovated and converted to lab space. The space is a build to suit from shell and has biology labs, vivarium space, and office.

Keith Coulter, President of McPherson Corporation/ATR Boston, represented AbPro in the transaction. Steve Lynch, Partner of King Street Properties represented the landlord. AbPro chose the site due to attractive pricing, a firm commitment to timing for delivery of the space by King Street, which included full support of the Town of Lexington at an early stage in negotiations regarding permitting and use, and the attractiveness of the location in recruiting and growing the company.

Abpro is a biotechnology firm moving from Cambridge, MA. The Company has streamlined all the major steps to produce recombinant proteins and antibodies in a faster and more affordable format, while retaining superior quality. They have significant capabilities for generating custom hybridomas. This is complemented by high-throughput protein expression platform which can produce recombinant proteins quickly with high quality. Abpro currently sells to leading life sciences researchers worldwide.

McPherson Corporation has represented tenants and buyers exclusively for over 30 years, and is a founding member of the Alliance of Tenant Representatives (ATR); Mr. Coulter serves on the Board of Directors for ATR.