955 Massachusetts Avenue
Update
06/08/17
DivcoWest acquires 95,000-square-foot Harvard Square office building for $66 million
DivcoWest has acquired 955 Massachusetts Avenue, a 95,000-square-foot Class A office building located in Cambridge’s Harvard Square, for $66 million in cash. The sale amounts to $694.74 per square foot. Seller Brickman purchased the building for $35.75 million, or $376.32 per square foot, in September 2007. Built in 2001, 955 Massachusetts Avenue is anchored by Mathematica Policy Research, who leases 62,000 square feet. DivcoWest’s acquisition follows the company’s recent acquisition of the 11-building, 644,771-square-foot One Kendall Square office and retail development in Cambridge for $725 million, or $1,124 per square foot, last November. DivcoWest also acquired 42 acres in Cambridge’s NorthPoint district for $291 million, or $6,298,571.43 per acre, in August 2015.
