BXP Sells Needham Campus for $132M
BXP sold its 140 Kendrick St. office campus in Needham to a partnership of Lincoln Property Co. and Cross Ocean Partners for $132 million.
BXP sold its 140 Kendrick St. office campus in Needham to a partnership of Lincoln Property Co. and Cross Ocean Partners for $132 million.
The statewide association for physicians and medical students has placed on the market a suburban office building that includes its headquarters and a large conference center.
FoxRock Properties acquired a Quincy office building for $6 million, betting on companies opting for lower-cost workspaces in the suburbs.
Boston-based Rhino Capital Advisors paid $58 million to acquire an Andover campus leased to defense contractor Mercury Systems and medical equipment supplier Dräger.
The new owner of a Newton office building completed a lease raising its occupancy rate to 84 percent even before closing on its $4 million acquisition of the property.
Quincy-based Jumbo Capital has sold an office-lab property in Lowell to Rhino Capital for $12.4 million after extending a full-building lease with the existing credit tenant.
Beacon Capital Partners’ newest local acquisition is a four-building Wellesley office campus with potential for a life science conversion.
A state-leased office building completed in 2020 in Burlington traded for $14.3 million as part of a 1031 exchange.
A four-building campus in Wellesley that’s 90 percent leased to office and medical tenants is under new ownership to a joint venture of Lincoln Property Co. and a Chilean investor.
Quincy-based Jumbo Capital has sold a three-building office park on Newton’s Wells Avenue for $92 million after upgrading the properties and attracting a group of new tenants during a 5-year ownership period.
Developers have acquired the 9/90 Corporate Center office-lab campus in Framingham including a former Genzyme building that’s suitable for lab tenants.
As it prepares to open its new North American headquarters at Somerville’s Assembly Row late this year, athletic supplier Puma has sold its 130,000-square-foot Westford office building to a Quincy developer for $12.7 million.
The $340-million acquisition of a pair of Waltham office campuses will give the new owners the opportunity to add lab-ready space for life science companies.
The new owner of a 52-acre office park in Bedford will pursue a life science strategy following a $122 million acquisition.
A Framingham office building that’s 100-percent leased to tenants including Fidelity Investments and Liberty Mutual has been acquired by Burlington-based R.J. Kelly Co. for $12.4 million.
A Waltham office campus that has potential to add more life science space following the pending departure of a major office tenant in 2021 has been sold to Alexandria Real Estate Equities for $330 million.
A 531,916-square-foot office park anchored by medtech firm Hologic has been acquired by a Boston-based Greatland Realty Partners fund for $66 million.