KS Partners Acquires Office Building At 815 Somerville Avenue In Cambridge, MA From Lesley University For $12M

Located at 815 Somerville Avenue in Cambridge, MA, this office property was recently sold in a closed transaction. The property spans 29,284 square feet and was sold for a price of $12,000,000, resulting in a per square foot price of $410. The transaction took place on September 29, 2022.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $12,000,000
• Square Footage: 29,284
• Price per Square Foot: $410
• Address: 815 Somerville Avenue, Cambridge, MA
• Market: Cambridge, MA
• Buyer: KS Partners
• Seller: Lesley University
• Brokers: Chris Sower, Bruce Lusa, John Flaherty, Jon Bryant, and Kevin Jones - Cushman & Wakefield

The buyer, KS Partners, acquired the property from the seller, Lesley University. The deal was facilitated by brokers Chris Sower, Bruce Lusa, John Flaherty, Jon Bryant, and Kevin Jones from Cushman & Wakefield. Their expertise and negotiation skills played a crucial role in closing the transaction successfully.