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Boston & New England  + Massachusetts  + Industrial  | 

BioMed Realty Acquires Mixed-Use Building in Cambridge 

BioMed Realty has acquired 330 3rd Street, the existing Gas Transfer Station (GTS) site in Cambridge, from Eversource. 

This will allow BioMed Realty to develop its 585 Kendall project on the entire city block. The 16-story lab/office building with an arts and culture component will include creating the performing arts center, 585 Arts, and will feature seasonal, family-friendly lifestyle activities. Including dining, outdoor concerts, a canoe and kayak launch, public art, a farmer’s market, a winter market, and a community ice skating rink. 

“I am excited for the future this makes possible in the new 585 3rd Street building, which will advance our STEAM and public equity goals by bringing together the arts and science and inviting the Cambridge community to participate,” said Iram Farooq, assistant city manager of the City of Cambridge. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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