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Cambridge Building Sells For $40.1M

May 18, 2012 | Reprints | Unlock Link | Print

The Samuels Property Group has sold its office and retail building at 625 Massachusetts Ave. in Cambridge to L&B Realty Advisors for $40.1 million.

Built in 1929, 625 Massachusetts Ave. underwent a complete renovation in 2000. The 122,104-square-foot property is 100 percent occupied to tenants including Harvard College, TD Bank, Walgreen’s and Harmonix Music System.

The Jones Lang LaSalle (JLL) capital markets team that brokered the sale was led by Scott Jamieson, managing director for JLL, with leasing guidance from executive vice presidents John Osten and Peter Bekarian.

Commercial & Industrial