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DivcoWest Snares Kendall Square Campus

CAMBRIDGE, MA-The nine-building campus, a hub for tech and life sciences tenants, reportedly traded for $395 million and expands DivcoWest's Boston-area portfolio.

By Paul Bubny | Updated on January 22, 2014

CAMBRIDGE, MA-A joint venture of Rockwood Capital and Related Beal has closed on the sale of  One Kendall Square, a 667,000-square-foot office, laboratory and retail portfolio here. Neither the JV nor San Francisco-based DivcoWest, the buyer, disclosed the sales price; citing municipal property records, published reports have put it at $395 million.

The nine-building complex, which Rockwood and Related Beal bought for $211 million in 2006, is known as one of the Kendall Square/East Cambridge submarket’s premiere campuses for technology and life sciences companies. Its tenant roster includes Merrimack Pharmaceuticals, Akamai, Nine Point Medical, MIT, Abcam, Next Jump, CRB Consulting Engineers, Invivo Therapeutics, Redstar Ventures, Visterra, Inc., Cogo Labs, Semprus Biosciences and Catabasis. Among its retail components are a nine-screen movie theater and six restaurants.

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