Rockwood Capital, Beal Hope to Sell One Kendall Square for $360M
Start each day with GlobeSt.com's New York AM Alert for original coverage of the latest transactions and trends shaping markets across the Northeast. Sign Up Today!
CAMBRIDGE, MA-Rockwood Capital and Beal Cos. are hoping to sell One Kendall Square situated in the Kendall Square neighborhood of Cambridge for $360 million. The firms bought the office and retail center for $210.5 million in 2006 and since then they have carried out $64 million in improvements.
The office space at the Kendall Square complex is 84% leased to tenants including InVivo Therapeutics and Merrimack Pharmaceuticals, and the retail space is fully leased. For the full story, go to Boston Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
So much is happening across the country in the office sector. Hear the latest in creative office, how millennials are impacting the direction of the market and where developers are focusing at a RealShare Conference. Check out the details and agendas to find an informative office panel and register today.
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.