JLL has arranged the $67 million sale of 60 Guest Street, a land parcel that has been fully approved for a new life science development in the Boston Landing campus in Boston’s Allston/Brighton neighborhoods.
The 50,036-square-foot site is approved for up to 320,000 square feet of office and lab uses, reaching 165 feet in height and featuring average floorplates of 40,000 square feet. The proposed nine-story structure on the site will incorporate state-of-the-art office/lab space with an amenity program featuring a multi-purpose ground-floor and outdoor spaces at key locations throughout the building.
Boston Landing includes the new Boston Bruins practice facility and Warrior Ice Arena as well as The Auerbach Center, the Boston Celtics practice facility. The development is also the future site of The Track at New Balance, a world-class indoor hydraulic track, field and entertainment venue.
Coleman Benedict and Kerry Hawkins represented the seller, NB Development Group, in the transaction. The buyer was a partnership between Lendlease and Ivanhoé Cambridge.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!