WALTHAM, MA—Intercontinental Real Estate Corp. of Boston has sold 830 Winter St. a fully-leased office-laboratory building here, for $104.2 million to a joint venture of King Street Properties of Cambridge, MA and Carlyle Group of Washington, DC.
The transaction calculated out to approximately $572-a-square-foot for the 182,000-square-foot property. The deal was announced by Transwestern | RBJ, which represented Intercontinental Realty in the sale of the property.
The property trade comes at a time when available office-lab space is in short supply in Waltham. Transwestern officials say the building is viewed as a viable alternative to the Cambridge market for those looking for office-lab properties.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
