Cambridge Redevelopment Authority Acquires Retail Space At 1175 Cambridge Street For $1.975M

The property asset involved in the transaction is located at 1175 Cambridge Street in Cambridge, MA. This retail space encompasses 7,470 square feet and was sold for a total of $1,975,000, resulting in a price per square foot of $264.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,975,000
• Buyer: Cambridge Redevelopment Authority
• Seller: Just A Start
• Brokers: Ellen Fantini Cullinan & Leigh Freudenheim - Freudenheim Partners
• Square Footage: 7,470 SF
• Price Per Square Foot: $264

This transaction marks a significant acquisition for the Cambridge Redevelopment Authority, which purchased the retail property as Just A Start relocates to a new 70,000 square foot headquarters at Rindge Commons near Alewife Station.