Photo courtesy of Google Maps.

An office building leased to three hospitals and a tech startup has been sold for $270 million in Boston’s Fenway neighborhood to IQHQ, a life science REIT.

The 285,000-square-foot 109 Brookline Ave. is leased to restaurant point-of-sale tech provider Toast, Beth Israel Deaconess Medical Center, Dana-Farber Cancer Institute and Boston Children’s Hospital.

Newmark Knight Frank’s capital markets team represented the seller, Equity Commonwealth.

“Offered for the first time in 25 years, 109 Brookline features an exceptional combination of tenancy, location and upside within one of the United States’ top investment markets,” said Maher. “The asset is anchored by three Harvard Medical School-affiliated institutions, located along the Green Line, just steps from both Fenway Park and the LMA and surrounded by a wealth of synergistic new developments.”

San Diego-based IQHQ recently rebranded itself from Creative Science Properties and announced a $770 million equity raise. The company is planning to acquire and develop life science properties in Boston, San Francisco and San Diego.

Fenway Office Building Sold for $270M

by Steve Adams time to read: 1 min
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