Alloy Properties and Anchor Line Partners have expanded their Boston-area portfolio with the acquisition of five office buildings in Cambridge and Waltham. The properties, totaling 425,000 square feet, were purchased from Alexandria Real Estate Equities for a sale price of $365,000,000. The buildings will become Alloy's first dedicated campus for early-stage companies, offering flexible lease terms and modular lab space.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $365,000,000
• Square Footage: 425,000
• Price per Square Foot: $859
• Buyer: Alloy Properties & Anchor Line Partners
• Seller: Peter M. Moglia - Alexandria Real Estate Equities

Alloy Properties partnered with Anchor Line Partners for this joint venture acquisition. The Cambridge properties acquired in the deal will be transformed into a dedicated campus for early-stage companies. Alloy Properties will provide flexible lease terms and modular lab space to foster innovation and collaboration among its tenants.