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Alexandria Real Estate Equities Sells Life Sciences Buildings In Cambridgeport & Waltham For $305.5M

Property Image
SOLD
$305,500,000

Massachusetts

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Life Sciences
Sold 01/03/2024
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Property Image
SOLD

Alexandria Real Estate Equities Sells Life Sciences Buildings In Cambridgeport & Waltham For $305.5M

Life Sciences
Sold 01/03/2024
the dealplayerscompscontact
Contact now

Summary

Asset Type:Life Sciences
Transaction Type:Sale

Alexandria Real Estate Equities Inc. has sold two life sciences buildings in Cambridgeport and Waltham, Massachusetts to Phase 3 Real Estate Partners for a combined sale price of $305,500,000. The properties, located at 100 Beaver Street and 640 Memorial Drive, are part of the thriving life sciences market in Waltham and Cambridge.

Summary of transaction details

  • Property Type: Life Sciences
  • Transaction Amount: $305,500,000
  • Seller: Joel S. Marcus - Alexandria Real Estate Equities Inc
  • Market: Waltham & Cambridge, MA

This transaction represents a significant milestone for Alexandria Real Estate Equities Inc., as they successfully divest these prime life sciences assets. Phase 3 Real Estate Partners takes ownership of the properties, positioning themselves within the competitive life sciences market in the region.

Players

Joel S Marcus
Alexandria Real Estate Equities Inc
Joel S Marcus
9 deals$834.3M volume
SELLER

Details

SOLD
IMAGE: Joel S. Marcus DATE: 01/03/2024 ADDRESS: 100 Beaver Street & 640 Memorial Drive MARKET: Waltham & Cambridge, MA ASSET TYPE: Life Sciences SELLER: Joel S. Marcus - Alexandria Real Estate Equities Inc SALE PRICE: $305,500,000 NOTE: Alexandria Real Estate Equities Inc. has sold life sciences buildings in Cambridgeport and Waltham to Phase 3 Real Estate Partners for a combined $305.5 million.

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