Cross Ocean Partners And Lincoln Property Company Acquire Office Campus In Needham For $132M

The property asset involved in this transaction is an office campus located at 140 Kendrick Street in Needham, Massachusetts. It has a total square footage of 409,197 and was acquired for a transaction amount of $132,000,000, equating to a price per square foot of $323.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $132,000,000
• Square Footage: 409,197
• Price per Square Foot: $323
• Address: 140 Kendrick Street
• Market: Needham, MA
• Buyer: Graham Goldsmith - Cross Ocean Partners
• Buyer: Clay Duvall - Lincoln Property Company
• Buyer: David Binswanger - Lincoln Property Company
• Seller: Owen D. Thomas - Boston Properties

The deal was facilitated with Graham Goldsmith from Cross Ocean Partners, along with Clay Duvall and David Binswanger from Lincoln Property Company representing the buyers. Owen D. Thomas from Boston Properties was the seller involved in this transaction.