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.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.