WALTHAM, MA—Intercontinental Real Estate Corp.of Boston has sold 830 Winter St. a fully-leasedoffice-laboratory building here, for $104.2 million to a jointventure of King Street Properties of Cambridge, MAand Carlyle Group of Washington, DC.
The transaction calculated out to approximately$572-a-square-foot for the 182,000-square-foot property. The dealwas announced by Transwestern | RBJ, whichrepresented Intercontinental Realty in the sale of theproperty.
The property trade comes at a time when available office-labspace is in short supply in Waltham. Transwestern officials say thebuilding is viewed as a viable alternative to the Cambridge marketfor those looking for office-lab properties.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
