Harrison Road, Allies Offer Cambridge Life Science Profile for $720M

Order Reprints … December 9, 2020

Harrison Street and companions The Bullfinch Cos. and National Realty Advisors have introduced the sale of Cambridge Exploration Park, a three-property life scientific research university in Cambridge, MASS. The gross sale price was $720 million. The buyer was not disclosed.

The profile includes 3 course A life sciences structures and also 2 parking lot completing around 620,000 square feet situated at 100 CDP, 200 CDP and 400/500 CDP in the West Cambridge submarket of Boston. Harrison Street at first purchased the advancement of 400/500 CDP in December 2018 and also in eight months leased 88% of the residential property before completion of building and construction. The profile is presently 94% leased on a consolidated basis.

Bullfinch will certainly continue to offer as residential property supervisor in addition to keeping an ownership passion in the park. Harrison Street’s investments now complete even more than $2 billion throughout 3 million square feet of life scientific researches laboratory, research and also technology room.

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