The property consists of nine office and laboratory buildings, retail space, a movie theater and a parking garage and occupies nearly 660,000 sf of space. Beacon purchased the complex, along with the Athenaeum Building at 215 First St. here, nearly three years ago for $195 million. The Athenaeum, a 306,000-sf building, sold immediately to Capital Properties this past summer for $68 million. But changes in the economy since then forced One Kendall Square to remain on the market for a while longer.

J.E. Robert is a Virginia-based real estate and commercial mortgage investment and asset management firm specializing in under-performing real estate assets. Lincoln Property is a commercial and residential developer based in Texas. Beacon Capital Partners is a private REIT formed earlier this year after Equity Office purchased Beacon Properties. As a result of the sale of One Kendall Square, the company will make a dividend distribution to its shareholders of $2 per share.