Volcano Corp. (NSDQ:VOLC) put down a $250,000 deposit on the $7.5 million purchase of a building in Billerica, Mass.
The building, at 1 Fortune Drive, was already home to Volcano subsidiary Axsun Technologies Inc. The company is headquartered in San Diego, Calif., but the new building gives them a foothold on the east coast.
The building contains just under 65,000 square feet of space and the deal must close prior to the end of the year, according to the SEC filing.