MetLife Investment Management And Norges Bank Investment Management Acquire Office Building In Cambridge, MA For $414M

An office building located at 1 Memorial Dr in Cambridge, MA has been involved in a recent transaction. The property was acquired by an undisclosed buyer for an amount of $414,000,000. The transaction involved a loan from JPMorgan Chase Bank to facilitate the acquisition.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $414,000,000
• Address: 1 Memorial Dr, Cambridge, MA
• Market: Cambridge, MA

The lender for the loan was JPMorgan Chase Bank, with Jamie Dimon serving as the representative. The borrower consisted of MetLife Investment Management, represented by Steven J. Goulart, and Norges Bank Investment Management, represented by Nicolai Tangen.