Alexandria Real Estate Equities Acquires Office Buildings In Boston From Samuels & Associates For $1.52B

Samuels & Associates has sold the office property located at 401 Park Drive & 201 Brookline Avenue in Boston. The property, spanning 1,800,000 square feet, was purchased by Alexandria Real Estate Equities for a total of $1,520,000,000. The transaction reflects a price per square foot of $844.

Summary of transation details

• Property Type: Office
• Transaction Amount: $1,520,000,000
• Square Footage: 1,800,000
• Price per Square Foot: $844
• Seller: Samuels & Associates
• Buyer: Alexandria Real Estate Equities
• Market: Boston
• Date: 01/06/2021
• Image: Steve Samuels

This significant transaction was completed between Samuels & Associates and Alexandria Real Estate Equities. Samuels & Associates, as the seller, achieved a notable sale price of $1,520,000,000 for the office property. Alexandria Real Estate Equities, the buyer, recognized the value in this prime asset located at 401 Park Drive & 201 Brookline Avenue in Boston's market.