DivcoWest has acquired The Davenport, a 220,000-square-foot office property at 25 First St. in Cambridge.

DivcoWest bought the four-story office building from a separate account client of AEW Capital Management, L.P.  The sale was brokered by Cushman & Wakefield’s Boston-based Capital Markets Group. 

 The Class A property was built in 1860 as the Davenport Furniture Factory and was converted to brick and beam office space in 1987. 

 "This is a highly regarded asset with strong appeal to a new generation of innovative entrepreneurs and companies because of its unparalleled creative atmosphere," said Keith Wallace of DivcoWest.

The Davenport was acquired for DivcoWest Fund III, an $871 million fund raised late last year to invest primarily in tech-oriented real estate markets. The building is 95 percent leased with tenants like HubSpot, Sonos, Zipcar and Atlas Venture. 

*This story has been updated to include the correct address.