Sep
12
Cambridge Class A Building Changes Hands for $75M
ByLincoln Property Co. and Chile-based Stars Investments acquired 625 Massachusetts Ave., a 122,104-square-foot office and retail property in the supply-constrained Central Square district.
In a $75 million deal, a joint venture between Lincoln Property Co. and Stars Investments has acquired 625 Massachusetts Ave., a 122,104-square-foot, first class office and retail building in Cambridge, Mass. The seller was L&B Realty Advisors.
Dave Pergola and Brian Doherty of CBRE/New England’s capital markets team represented both parties in the transaction.
The property houses retail tenants such as Boston Sports Clubs, Walgreens and TD Bank and is home to WeWork’s Cambridge’s location…
