The property asset involved in the transaction is located at 100 Cambridge Street in Cambridge, MA. The asset type is office space comprising a lease for 51,000 square feet. The Massachusetts Department of Public Health is set to relocate from its current location in Downtown Crossing, which spans 112,000 square feet, resulting in significant cost savings.

Summary of transation details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 100 Cambridge Street
• Landlord: Peter Palandjian - Intercontinental Real Estate Corporation
• Tenant: Massachusetts Department of Public Health
• Annual Savings: Approximately $2 million
• Impacted Employees: Roughly 800

Key individuals involved in the transaction include Peter Palandjian, who represents Intercontinental Real Estate Corporation as the landlord in this lease agreement with the Massachusetts Department of Public Health as the tenant.