One Charles Park
Alexandria Real Estate Equities Acquires Charles Park in Cambridge for $815 Million
Alexandria Real Estate Equities has announced it is acquiring the Charles Park office campus in Cambridge from The Davis Companies for $815,000,000 in a deal brokered by Newmark. The 5-building park will feature 400,000 SF of commercial lab and office space in the Kendall Square submarket.
“Charles Park is well positioned along Kendall Square’s rapidly expanding First Street corridor with immediately-recognizable architecture highlighted by its distinctive horseshoe-shaped façade,” said Newmark Vice Chairman Edward Maher. “The asset is further surrounded by an unmatched laboratory and technology mecca in the life science epicenter of the world.”
The Davis Companies had acquired One and Two Charles Park in March for $490 million.