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Jan

07

King Street Properties’ Risk Pays Off Big

By Tony Seruga

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200 CambridgePark Drive, West Cambridge, MA

WEST CAMBRIDGE, MA—In two years, King Street Properties made a nearly $82-million profit on its investment in 200 CambridgePark Drive here.

The Cambridge, MA-based commercial real estate developer and investment firm sold 200 Cambridge Drive for $165.5 million to a fund advised by Morgan Stanley Real Estate Investing. King Street Properties acquired two former Pfizer properties at 200 CambridgePark Drive and 87 CambridgePark Drive in mid 2014 for $54.5 million. The firm’s purchase of the six-story 221,845-square-foot 200 CambridgePark Drive at the time was valued at $39.75 million…

King Street Properties’ Risk Pays Off Big

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