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One Kendall Square Still in Negotiations

CAMBRIDGE, MA-After reports that negotiations to sell One Kendall Square had come to a standstill, sources tell GlobeSt.com that talks between Beacon Capital Partners and potential buyers Lincoln Property Co. and JE Robert Co. for the 665,000-sf building are still on.

By Naomi Grossman | Updated on December 15, 2000

CAMBRIDGE, MA-Amid reports that a number of properties have been pulled off the market recently, negotiations for One Kendall Square here are reportedly still on. Earlier this week, it was reported that the deal had been stalled.

While Beacon Capital Partners, which owns the 665,000-sf building, declined to comment on the deal because the company “does not comment on potential transactions,” sources close to the company tell GlobeSt.com that talks between Beacon and the partnership of Lincoln Property Co. and JE Robert Co. are still on. “Things might be taking longer than usual,” says the source, “but the fact is talks are continuing, which is always a good sign.” The sales price is said to be nearly $200 million but no one involved with the deal would either confirm or deny that figure.

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