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New technology park planned near Hagerstown

HAGERSTOWN — 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.