CAMBRIDGE, MA-DivcoWest, a California-based real estate investment firm, has picked up the Davenport, a 220,000-square-foot office building in Cambridge, for $79 million. The four-story building, constructed in 1860, was transformed to office use in 1987.
The property is 95% leased to various tenants including Atlas Venture, HubSpot, Sonos and Zipcar. It was recored on the National Register of Historic Places. The office building was purchased for DivcoWest Fund III. Cushman & Wakefield's Capital Markets Group brokered the sale. For the full story, go to Boston Business Journal .
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