The Stubblebine Company/CORFAC International sells 11.9 acres for $79 million to Cabot, Cabot & Forbes

Cambridge, MA The Stubblebine Company/CORFAC International completed the sale of 11.9 acres situated in the Cambridge Quad, a transitioning life science and residential campus, to Cabot, Cabot & Forbes. Comprised of three properties, 127 Smith Place, 13 Mooney St. and 45-67 Mooney St., the subject property totals 192,459 s/f on 11.9 acres. David and James Stubblebine, principals of the Stubblebine Co., represented the buyer, Cabot, Cabot & Forbes. 

 

 

The Quad is located near the Alewife T Station, the anchor of the MBTA’s Red Line, which connects West Cambridge, Harvard Sq., Kendall Sq. and the Seaport.  The Quad’s neighborhood also presents a live/work/play dynamic with an amenity base, including Whole Foods, Trader Joes, Starbucks and Chipotle and over 20 restaurants.

“The decision to aggressively invest in the Quad is representative of a trend we are seeing in the greater Cambridge marketplace inside 128,” said David Stubblebine.  “Institutional investors definitely recognize the importance of investing within this sector and are eager to direct capital into viable developments opportunities, particularly in the white-hot life science and residential arenas.”