IQHQ Acquires Office Building In Cambridge, MA For $54M

The office property located at 1 Alewife Center in Cambridge, MA has been sold for a total price of $54,000,000. The transaction took place on 11/17/2020 and the property spans across 90,000 square feet, resulting in a price per square foot of $600. The seller of the property was James Campbell Co, while the buyer was IQHQ, represented by Tracy Murphy. Matthew Pullen from Newmark acted as the broker in this deal.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $54,000,000
• SF: 90,000
• PPSF: $600
• Seller: James Campbell Co
• Buyer: IQHQ - Tracy Murphy
• Broker: Matthew Pullen - Newmark

Tracy Murphy, representing IQHQ, played a key role in acquiring the property at 1 Alewife Center in Cambridge, MA. The seller, James Campbell Co, agreed to the sale coordinated by broker Matthew Pullen from Newmark.