BXP Acquires Life Science Asset In Cambridge For $592M

A life science property located at 125 Broadway in Cambridge, MA was sold for a total price of $592,000,000. The property spans a total of 271,000 square feet, resulting in a price per square foot of $2,185. The sale took place on September 20, 2022, and the buyer was BXP represented by Bryan Koop of their agency. The seller of the property was Biogen.

Summary of transaction details

• Property Type: Life Science
• Transaction Amount: $592,000,000
• Address: 125 Broadway, Cambridge, MA
• Market: Cambridge, MA
• Buyer: BXP - Bryan Koop
• Seller: Biogen
• Square Footage: 271,000
• Price per Square Foot: $2,185

Bryan Koop, representing BXP, played a key role as the buyer's representative in this transaction. The sale of the life science property at 125 Broadway demonstrates the strong real estate market in Cambridge, MA.