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Cambridge Industrial Property Trades for $50M
The Stubblebine Co./CORFAC International has sold 67 Smith Place, a four-acre industrial property in the Alewife neighborhood of Cambridge. Boston based real estate developer Cabot Cabot & Forbes (CC&F) acquired the property for $49.6 million.
The property consists of three industrial buildings with a combined 67,000 square feet of industrial space. The property is located adjacent to CC&F’s master-planned mixed-use project “The Quad”, a 1,100,000 SF lab and residential development project. The combined acreage of the Quad and 67 Smith Place raises CC&F holdings in Alewife to 16.3 acres.
The Quad project will consist of 575,000 square feet of lab space, 490 multifamily units, and 60,000 square feet of ground-floor retail amenities including a craft brewery, a rock-climbing club and maker space. The Quad project will also include a pedestrian bridge over the adjacent MBTA Fitchburg Commuter rail tracks, connecting Smith Place to Cambridge Park Drive.
For comments, questions or concerns, please contact David Cohen
- ◦Development
