Beacon Capital Partners Acquires Office & Retail Property In Cambridge For $81M

The property involved in this closed transaction is located at 1 Brattle Square in Cambridge, MA. It is an office and retail asset with a total square footage of 97,000. The sale, which took place on December 19, 2022, was facilitated by Fred Seigel, a representative from Beacon Capital Partners. The seller in this transaction was Piedmont Office Realty Trust. The sale price for the property was $81,000,000, resulting in a price per square foot of $835.

Summary of transation details

• Property Type: Office & Retail
• Transaction Amount: $81,000,000
• Date: 12/19/2022
• Market: Cambridge, MA
• Buyer: Beacon Capital Partners - Fred Seigel
• Seller: Piedmont Office Realty Trust
• Square Footage: 97,000
• Price per Square Foot: $835

Beacon Capital Partners, represented by Fred Seigel, acted as the buyer in this transaction. They successfully acquired the office and retail property located at 1 Brattle Square in Cambridge, MA from Piedmont Office Realty Trust. This sale showcases the ongoing activity in the commercial real estate market in this area, with a significant transaction amount of $81,000,000.