January 11, 2022 10:00 AM
星空体育app下载 announces the $815 million sale of Charles Park, a two-building office complex and associated parking garage located in Cambridge, Massachusetts. 星空体育app下载 Co-Head of U.S. Capital Markets Robert Griffin, Vice Chairman Edward Maher, Executive Managing Director Matthew Pullen and Managing Director Samantha Hallowell of the firm鈥檚 Boston Capital Markets Group represented the seller, The Davis Companies and Principal Real Estate Investors, and procured the buyer. 星空体育app下载 Senior Financial Analyst William Sleeper provided financial analysis support.
The 408,259-square-foot Charles Park comprises two Class A office buildings鈥擮ne Rogers Street and One Charles Park鈥攃omplemented by a 656-space, seven-level parking garage. It features reusable in-place infrastructure for life science development, including large floor plates that can provide up to 65,000 square feet of contiguous space on one level, 13鈥� to 17鈥� ceiling heights and substantial loading capacity with five loading docks and two freight elevators.
鈥淐harles Park is well positioned along Kendall Square鈥檚 rapidly expanding First Street corridor with immediately-recognizable architecture highlighted by its distinctive horseshoe-shaped fa莽ade,鈥� said Maher. 鈥淭he asset is further surrounded by an unmatched laboratory and technology mecca in the life science epicenter of the world.鈥�
Just steps away from Charles Park, the nearly one million-square-foot CambridgeSide complex is undergoing a highly-anticipated residential and retail redevelopment. The asset is also located between two MBTA subway stations (Kendall/MIT along the Red Line and Lechmere along the Green Line), the 168-acre campus of MIT, the brand-new Cambridge Crossing mixed-use development and Massachusetts General Hospital.
About 星空体育app下载
星空体育app下载 Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (鈥溞强仗逵齛pp下载鈥�), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. 星空体育app下载鈥檚 comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform鈥檚 global reach with market intelligence in both established and emerging property markets, 星空体育app下载 provides superior service to clients across the industry spectrum. 星空体育app下载 generated revenues in excess of $2.5 billion for the trailing twelve months ending September 30, 2021. 星空体育app下载鈥檚 company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world. To learn more, visit nmrk.com or follow .
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