"It's going to be a major deal," one local investment brokertells GlobeSt.com, saying the properties "will get tons ofattention." Constructed between 1984 and 1986 by JLL's predecessor,Spaulding & Slye, the two buildings were pioneers inestablishing Alewife as a business address, with several otherproperties constructed subsequent to that venture. Today, Alewifenot only features several leading tenants, but also a host ofamenities have followed the office construction, which nowencompasses 2.1 million sf, according to JLL's Q1 office marketresults. Besides a hulking parking garage and the first stopinbound for the Red Line subway into Boston, 125 and 150CambridgePark Dr. also abut a class A apartment complex and variousretail and restaurant options that did not exist at the market'sinception.

Calls regarding the sale of 125 and 150 CambridgePark Drive werereferred to JLL principal Cappy Daume, who was unavailable forcomment by press deadline. Other investment specialists working onthe assignment reportedly include Scott Jamieson, Gail McDonough,and Michael Smith, who has participated in two prior sales of 125and 150 CambridgePark Drive, the last in 2001 to JP Morgan.

A New York City-based real estate advisor and investment firm JPMorgan acquired the two assets for $97 million in December 2001from Blackstone Real Estate Advisors, which had purchased them inearly 1999 for $84 million. JLL has had a strong connection to thebuildings throughout the assets' existence, including their currentrole as leasing agent and property managers.

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