Harrison Street, Partners Sell Cambridge Life Science Portfolio for $720M

Harrison Road, Allies Offer Cambridge Life Science Profile for $720M

Order Reprints … December 9, 2020

Harrison Street and companions The Bullfinch Cos. and National Realty Advisors have introduced the sale of Cambridge Exploration Park, a three-property life scientific research university in Cambridge, MASS. The gross sale price was $720 million. The buyer was not disclosed.

The profile includes 3 course A life sciences structures and also 2 parking lot completing around 620,000 square feet situated at 100 CDP, 200 CDP and 400/500 CDP in the West Cambridge submarket of Boston. Harrison Street at first purchased the advancement of 400/500 CDP in December 2018 and also in eight months leased 88% of the residential property before completion of building and construction. The profile is presently 94% leased on a consolidated basis.

Bullfinch will certainly continue to offer as residential property supervisor in addition to keeping an ownership passion in the park. Harrison Street’s investments now complete even more than $2 billion throughout 3 million square feet of life scientific researches laboratory, research and also technology room.

Get In Touch With Harrison Road

Attach With Bullfinch

Sign up for Attach Daily National

For comments, questions or issues, please contact David Cohen

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.