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

Property Image
SOLD
$12,000,000
Jon Bryant
John Flaherty
+ 2

Massachusetts

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Office29,284 SF
Sold 09/29/2022
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Property Image
SOLD

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

815 Somerville Avenue

See Similar Deals
Office29,284 SF
Sold 09/29/2022
Jon Bryant
John Flaherty
+ 2
Contact now

Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$409
Total Square Footage:29,284 SF
Transaction Type:Sale

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.

Players

Bruce Lusa
62 deals$899.9M volume(617) 448-6308
BROKER

John Flaherty
JLL
56 deals$797.1M volume(617) 997-1557
BROKER

Jon Bryant
JLL
57 deals$804.6M volume(508) 505-0832
BROKER

Christopher Sower
Cushman & Wakefield
79 deals$1B volume
BROKER

Kevin Jones
Cushman & Wakefield
47 deals$736.3M volume
BROKER

BUYER

Details

SOLD
IMAGE: Bruce Lusa, Chris Sower, Mary VanNatta, Kevin Jones, Julie Regan, Jon Bryant & John Flaherty DATE: 09/29/2022 ADDRESS: 815 Somerville Avenue MARKET: Cambridge, MA ASSET TYPE: Office BUYER: KS Partners (@KSPartnersLLC) SELLER: Lesley University (@LesleyUniversity) BROKERS: Chris Sower(@CSower1), Bruce Lusa, John Flaherty (@J_Flaherty5), Jon Bryant (@Jay_Bry1__) & Kevin Jones (@KmJones004) - Cushman & Wakefield (@CushWake) SALE PRICE: $12,000,000 SF: 29,284 ~ PPSF: $410

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