Boston – CBRE/New England’s Capital Markets team announced the sale of 1280 Massachusetts Avenue, a 43,120 SF mixed-use building located in Cambridge, Massachusetts. Boston Residential Group sold the asset to Intercontinental Real Estate Corporation.
CBRE/NE capital markets experts Dave Pergola and Brian Doherty represented the seller and procured the buyer. Pergola and Doherty have recently been involved with in excess of $200 million worth of transactions in the Harvard Square area, as the pair also handled the sales of 1050 Mass Ave, 1100 Mass Ave and 625 Mass Ave.
1280 Massachusetts Avenue is a five-story, first class office and retail building located at the entry to Harvard University in Cambridge, Massachusetts. The building is fully leased to three office tenants and two retail tenants, Tatte and Qdoba. On par with its strong retail tenants are the building’s office tenants consisting of Harvard University, Equity Resources Investments and Mark of the Unicorn (MOTU). The 0.28-acre property was originally developed in 1985 and designed by Symmes, Maini & McKee Associates.
Located in the heart of Harvard Square, 1280 Massachusetts Avenue has direct access to the MBTA Red Line Harvard Station, providing tenants with direct rail and bus service throughout Cambridge and downtown Boston.