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L&B Realty Advisors, an employee-owned, SEC-registered real estate investment advisor headquartered in Dallas, has purchased 1050 Massachusetts Ave. in Cambridge, MA from Putnam Circle Associates for an undisclosed amount.
The property is a six-story, 62,474-square-foot office and retail building located adjacent to Harvard University and blocks from the MBTA-Harvard Square station in Harvard Square.
Developed in 1974 by current owner Thomas…