Search
 

MIT Homing in on Pair of Stimpson Buildings

CAMBRIDGE, MA-The properties are among a handful still owned by one of the city's most enduring family businesses.

By Joe Clements | Updated on October 17, 2007

CAMBRIDGE, MA-The Massachusetts Institute of Technology is apparently zeroing in on more of its home turf, with sources claiming the academic institution is on the verge of acquiring two laboratory buildings in the city’s CambridgePort district. The buildings at 185 and 195 Albany St. were put on the market earlier this year by members of the Stimpson family, a local clan whose presence in the area dates to the early 1900s.

According to sources, MIT is close to striking a deal for 185 and 195 Albany St., side-by-side brick structures that were put on the block earlier this year by Meredith & Grew. The so-called Cambridge Life Sciences portfolio also included 148 and 149 Sidney St., but Lisa Campoli, head of the M&G’s investment sales group, says those two assets have been separated from the Albany Street offerings, and it is not clear how they will be handled.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.