MIT-owned lab buildings change hands for reported $1.1 billion
A trio of Kendall Square buildings that are home to big-name drug companies traded hands for one of the steepest prices ever seen in Boston’s office market.
Harrison Street Real Estate and Bulfinch Cos. agreed to pay the investment arm of Massachusetts Institute of Technology $1.1B for a long-term lease on the three buildings — 610 Main Street, 700 Main, and One Portland Street in Cambridge.
The cluster of buildings, called the Osborn Triangle, is occupied by Pfizer, Novartis, and startup hub Lab Central, as well as a few smaller tenants.
