News: Front Section
Posted: September 8, 2017
KBS Realty Advisors sells 625 Mt. Auburn to The Davis Companies for $44.5 million
Cambridge, MA KBS Realty Advisors completed the $44.5 million sale of 625 Mt. Auburn, a Class-A office building. The property was purchased by The Davis Companies.
The property has three floors totaling 137,421 s/f and holds several amenities, including a cafeteria, fitness center and conference center, among others. The property is situated in the West Cambridge submarket and two miles west of Harvard Sq. and less than one mile from Mt. Auburn Hospital.
The award winning building is Wired Certified through WiredScore being recognized nationally for meeting the highest standards of technological superiority in connectivity and infrastructure.
KBS Realty acquired the property in January 2007.
Christopher Phaneuf, Ben Sayles, Connor Allen and Gary Porter of HFF represented KBS Realty in the transaction.
KBS Realty Advisors is a private equity real estate company and SEC-registered investment advisor founded in 1992. KBS Realty Advisors and its affiliated companies have completed transactional activity of over $33 billion via 15 separate accounts, six commingled funds, five sovereign wealth funds and seven non-traded REITs.
Committed to excellence in both investment performance and operations, The Davis Companies is an integrated real estate investment, development and management firm headquartered in Boston that has invested more than $4 billion in gross asset value through real estate equity, debt, and fixed-income securities. A unique combination of capital markets, development and management expertise allows The Davis Companies to nimbly tackle complex and contrarian opportunities. Directly, and with its valued partners, The Davis Companies currently owns a real estate portfolio of approximately 12 million s/f across the Eastern United States.
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