Updated Oct 2, 2026
Bob Faith Of Greystar Leases 105,000 SF To Mass General Brigham In Somerville, MA
74 Middlesex Avenue
Building Size
105,000 SF
Asset Type
Life Sciences
Closing
Oct 1, 2026
About this deal
AI
The property involved in this transaction is a life sciences building located at 74 Middlesex Avenue in Somerville, MA. The building has a total square footage of 105,000 and is part of a larger project that encompasses 469,000 square feet and has a total value of $74 million.
Summary of transation details:
- Property Type: Life Sciences
- Transaction Amount: $74 million
- Address: 74 Middlesex Avenue
- Market: Somerville, MA
- Landlord: Bob Faith - Greystar
- Tenant: Mass General Brigham
- Lease Size: 105,000 SF
This transaction marks the first tenant acquisition for Greystar's new life sciences building, where Mass General Brigham has secured a lease to consolidate its pathology operations.
On the Map
Life Sciences
View full map
Players
Somerville Life Sciences Market Snapshot
Boundary boundary · Life Sciences · Lease transactions
Loading comparables…
Deal FAQ
Browse Somerville life sciences leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93