625 Massachusetts Avenue
Update
09/28/17
625 Mass Ave office and retail building in Cambridge’s Central Square sells for $75 million
Lincoln Property Company and Chile-based Stars Investments have partnered to acquire 625 Massachusetts Avenue, a 122,104-square-foot office and retail building located in the heart of Cambridge’s Central Square, for $75 million. The sale amounts to over $614 per square foot and was funded by $45.7 million of mortgage financing from USAA Life Insurance Company. CBRE New England’s Boston capital markets group brokered the sale of 625 Massachusetts Avenue. The building’s seller, L&B Realty Advisors, acquired the building in May 2012 for $40.075 million. 625 Massachusetts Avenue tenants include Boston Sports Clubs, TD Bank Walgreens and WeWork; the building is located steps from the Central Square MBTA Red Line station just one stop from Kendall and Harvard Squares and a short train ride from Downtown Boston.
