0 Cambridge Street Tower Nets Close to $50m for the Commonwealth

 

office space in boston at 100 Cambridge Street

Click on the image to view property details on 100 Cambridge Street in Boston

100 Cambridge Street is under agreement to be sold by the Commonwealth of Massachusetts.

The Boston Globe published details on the sale, noting  “MassDevelopment has found a buyer for its ground lease at 100 Cambridge St…Mark Sternman, a spokesman for MassDevelopment, declined to disclose the total sale price or the buyer, citing the fact that the deal has not yet been completed. He said the fully occupied tower includes 565,000 square feet of office space and 35,000 square feet of retail space…MassDevelopment redeveloped the tower and reopened it in 2004. The agency regularly received more than $20 million a year in lease revenue from the tower, reporting nearly $23 million for 2013.”

100 Cambridge Street Building Specs
• RBA:  565,157 SF
• Office:  530,618
• Retail:  34,539
• Stories:  22
• Typical Floor:  25,255
• Year Built:  1965
• Year Renovated:  2004

Partial Tenant List
• Ac Ppa Holdings, Llc
• Advance Auto Detailing
• American Student Assistance-Financial
• Barron & Stadfeld, P.C.
• Bright Horizons Family Solutions
• Brooks Pharmacy
• Cannon Designmove
• Citibank Llc
• Department of Revenue
• Dewey Square Group
• Dunkin Donuts
• ECG Management Consultants, Inc
• Energy and Environmental Affairs
• Mass General Hospital Corp
• Life Solutions Group
• Masiphumelele Corporation
• Massachusetts Clean Energy Center
• Miller Wachman LLP
• Penn Mutual Life Insurance
• Prince Lobel Tye LLP
• Rite Aid