Canal Park Cambridge
Update
05/10/16
Intercontinental Real Estate Corporation buys East Cambridge buildings for $304 million
Canal Park Cambridge, a 428,000 square foot development consisting of three office and retail buildings located along Lechmere Canal Park in East Cambridge, has reportedly sold for $304 million. The sale was reported this morning by The Boston Globe. Deeds were recorded in the Middlesex South Registry of Deeds this afternoon for 1 and 2 Canal Park; the sale of 10 Canal Park has not yet closed. 1 Canal Park sold for $72,260,800; 2 Canal Park sold for $154,371,200. A locus map of Canal Park Cambridge is posted above.
Canal Park Cambridge's buyer is Intercontinental Real Estate Corporation of Boston. The seller, Beacon Capital Partners, acquired the development in 2014 for nearly $170 million. Key tenants at Canal Park Cambridge include CarGurus (48,000 square feet), HubSpot (60,000 square feet) and Philips (48,000 square feet).
The following is the deed for today's sale of 1 Canal Park:
The following is the deed for today's sale of 2 Canal Park:
More information about Canal Park Cambridge is posted below.
