Intercontinental Pays +$1,000 PSF for Fully Leased Office/Retail Bldg. in Harvard Square

Intercontinental Real Estate Corp. added to its local portfolio with the purchase of a fully leased office and retail building in Cambridge, MA in a deal that eclipsed the $1,000 per square foot mark.

The Boston investment advisor with roughly $6 billion in assets under management paid $45.14 million, or approximately $1,044 per square foot, to Boston Residential Group (BRG) to acquire 1280 Mass Ave., a five-story, 43,210-square-foot property constructed…

Article From: "Key Realty Commercial Real Estate News"   Read full article