Beacon Capital Partners Acquires Office & Retail Property In Cambridge, MA For $81M

The property located at 1 Brattle Square in Cambridge, MA has been sold in a recent transaction. The asset is a combination of office and retail space, with a total area of approximately 97,000 square feet. The sale price for this property was $81,000,000, resulting in a price per square foot of $835.

Summary of transaction details

• Property Type: Office & Retail
• Sale Price: $81,000,000
• Square Footage: 97,000
• Price per Square Foot: $835
• Date: 12/19/2022
• Address: 1 Brattle Square, Cambridge, MA
• Market: Cambridge, MA

The buyer in this transaction was Beacon Capital Partners, represented by Fred Seigel. On the other hand, the seller was Piedmont Office Realty Trust. The deal was successfully closed, and it marks another significant transaction in the real estate market.