625 Mount Auburn Street Update 08/27/17
The Davis Companies increases West Cambridge market investment with acquisition of 625 Mount Auburn Street offices
The Davis Companies, who has made significant investment in the West Cambridge office market in recent years, has a deal in place to acquire the 98.5%-leased, 137,421-square-foot 625 Mount Auburn Street office property, located a short distance from Alewife Station, for $44.5 million, approximately $324 per square foot. Compass Bank has provided over $32.6 million in mortgage financing towards The Davis Companies’ acquisition. Broker HFF represented 625 Mount Auburn Street’s seller, KBS Realty Advisors, in the transaction. KBS acquired the property in 2007 for $29.6 million.
625 Mount Auburn Street is The Davis Companies’ latest investment in the West Cambridge market. The developer recently completed renovating 75 Moulton Street, a 37,500-square-foot lab and R&D building, and is currently building Alewife Research Center, a 223,000-square-foot laboratory office development.