North Cambridge Partners Acquires Development Site On Massachusetts Avenue, Cambridge For $12.5M

An affiliate of North Cambridge Partners has acquired a development site located at 2400 Massachusetts Avenue in Cambridge, MA. This site has been purchased for $12,500,000 and will be used for a mixed-use project consisting of 60 condominium units.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $12,500,000
• Address: 2400 Massachusetts Avenue, Cambridge, MA
• Market: Cambridge, MA
• Buyer: North Cambridge Partners - Daniel Sibor
• Broker: David Lilley - ReMax Destiny Cambridge

The buyer, North Cambridge Partners represented by Daniel Sibor, has acquired the land to develop a 60-unit condominium project. This acquisition is part of their expansion plans in Cambridge, MA.