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Brickman Assoc. Buys Blackstone Science Square In Cambridge For $31.5M

Oct 24, 2014 | Reprints | Unlock Link | Print

BlackstoneSquare Brickman Assoc. has acquired Blackstone Science Square, a 78,672-square-foot office and lab building in Cambridge for $31.5 million.

The four-story brick-and-beam building at 237 Putnam Ave. and 19-23 Blackstone St. is 72-percent leased. Anchored by Good Start Genetics Inc., other tenants at Blackstone Science Square include Ambri, Genewiz and Cireca Theranostics.

The complex has undergone $8.1 million in capital improvements over the last five years, including a new lobby and common area finishes.

JLL’s Frank Petz, Jessica Hughes and Matthew Sherry represented seller Centremark Properties of Boston.

"Blackstone Science Square provides Brickman a great lab facility in the heart of the Cambridge market, where demand for this product type continues to grow," Petz said in a statement.

Commercial